7 Ways to Turbo-Charge Your Retirement

Make room in your budget for retirement is a smart financial move at any age, but how much should you save each month? In July 2012, Sen. Tom Harkin, D-Iowa, in a report entitled "The retirement crisis and a plan to resolve it," that Americans do not save enough, citing the lack of income in retirement after reaching 6.6 million. Harkin said at that time 50 percent of Americans had less than $ 10,000 in savings. If you are looking for the power of your savings plan and contribute more in your pension fund this year, you will need to reorganize your budget and find ways to supplement your income in order to make greater contributions.
Be careful with these simple but essential steps:
1 Maximize Your Profits 401 (k). Many companies offer a pension plan sponsored by the employer - typically a 401 (k) - but some of you need to register and be consistent with your contributions. Check out the benefits of retirement from your employer, and make sure you contribute the maximum amount per month. Some companies offer to, match a portion of your contribution in this case, it is particularly important to enjoy their retirement. (The typical game on a 401 (k) is 50 cents on the dollar up to 6 percent of your salary.)
2 Automate your savings contributions. If you have a hard time to save money every month, you organize your budget so that your pension contributions are classified as an expense. Set a specific goal, and make sure you pay this "cost" each month. Be realistic about how much you have available disposable income, and set aside a portion of this money to your retirement.
3 Scale back on daily expenses. Be aware of your current expenses, and think of ways you can reduce costs. Whether the scaling back on how often you eat or spend less money on clothes, make a weekly budget, so you do not spend more than you have to.
4 Pay off high-interest debt. One of the best financial moves you can make is to pay off the debt at high interest rates to lower your monthly payments. This can free a significant amount of money for your retirement. Survey your current credit card debt and repay loans and those with more interest as soon as possible. You will not only be able to do more to your important retirement account contributions, but you will also be able to find a way of life free of debt, if you enjoy retirement.

5 Supplement your income. Take a second job to earn more money, and the results directly to your retirement account. Consider freelancing or telecommuting gigs will give you the opportunity to continue working a full time job.
6 Shop around for better prices. You may pay more than you have to keep in banking and other costs, only to your retirement account. This is one more reason to plan before you sign up. Comparison for a Even a little more savings per month can add up over the years.
7 Take on financial planning. You need to set realistic savings goals and develop a financial plan that. You confidence in your investment strategies and budgeting Consider the set working with a financial planner or tax advisor to savings goals for the next six, 12 and 24 months. Consider lifestyle changes that you need to do in order to meet your budget, such as changing jobs or downsizing could sell a property.
These decisions can save you more money for your retirement and make it easier to achieve your financial goals. A financial planner can also consider reducing your budget for your savings goals and recommendations, where you can spending.
Sabah Karimi writes for Yahoo and Wise Bread, where you can find other precautionary advice ..