retirement planning

How Can Nurses Maximize Their Retirement Savings?

Nurses can maximize their retirement savings by:
1. Employer Matching Contributions: Taking full advantage of employer matching contributions in retirement accounts like a 401(k) or 403(b).
2. Catch-Up Contributions: For nurses aged 50 and over, making catch-up contributions to retirement accounts can significantly boost savings.
3. Automatic Contributions: Setting up automatic contributions to retirement accounts ensures consistent saving without the need for manual intervention.
4. Reducing Debt: Paying down high-interest debt can free up more funds for retirement savings.

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