Save & Invest
No matter how near or far you are from retirement, learning how to manage debt, save smartly, and invest wisely can take you a long way toward financial security later in life.
A small change can make a big difference
Sometimes the little things in life make the biggest difference. That's true when it comes to saving for retirement too.
When you start saving for retirement, aim for an amount that's manageable (perhaps whatever's needed to meet your employer contribution, if one is offered.) Then, challenge yourself to save 1% or more each year toward retirement. While 1% is a small percentage of your annual earnings, after 20 or 30 years it can make a big difference in your total savings.
Remember, a key to growing your savings is to increase your contributions each year. If your plan lets you set automatic increases every year, definitely take advantage of it. Overall, Fidelity recommends building up to saving 15% of your income toward retirement annually (including any contributions your employer may make to your account). But remember, you don't have to get there overnight, and you can change your contribution amount if you need to.
Go ahead, challenge yourself to save a little more. Whether it's a 1%, 3%, or even 5% increase, the extra money you save today could make a big difference in helping you achieve the retirement you envision.
Change Your Contribution
Log in to NetBenefits to change your current contribution rate.
Take Home Pay Calculator
See how your pre-tax contribution might affect your take-home pay.
Power of Small Amounts
See how saving 1%, 3% or 5% more today can make a big difference in retirement.
From your 20s through retirement, here are the key steps to take.