>
Article snippet: Welcome to the Smarter Living newsletter. Editor Tim Herrera emails readers once a week with tips and advice for living a better, more fulfilling life. Sign up here to get it in your inbox every Monday morning. It’s a question we all keep in the back of our mind and, on some level, it’s something we know we should probably consider more often: What should I be doing about my retirement savings? If you haven’t thought about your retirement savings in a while — or if you haven’t gotten around to starting yet — there’s no better time than now to revisit them. (Assuming you’ve taken care of some other finance-related issues like, ahem, locking down your identity after the Equifax hack.) We’ll cover some highlights below, but for a more detailed dive, check out our guide on How to Win at Retirement Savings. Even if it’s $25 per paycheck, start putting it away right now. The biggest and most important step you can take for your financial future is to start as soon as you possibly can. Through the magic of compound interest, putting away even small amounts now can have huge returns later in life, potentially earning you hundreds of thousands of dollars more. In a perfect world, we’d all be able to save the 2017 maximum 401(k) saving amount of $18,000 per year. Of course, that’s not reasonable for most of us, so here’s the answer: Save as much as you can. One guideline some people follow is to save 15 percent of your income for retirement. Sure, if you can do that, great... Link to the full article to read more