National 401(k) Day is celebrated every year on the Friday after Labor Day, and is a good reminder to revisit your retirement goals to make sure you’re on track.

What is a 401(k)?
A 401(k) is a retirement savings and investment plan that employers offer. Contributions to a 401(k) are automatically withdrawn from your paycheck and invested in funds of your choosing (from a menu of available offerings). Saving for retirement is a must and everyone needs a plan for their retirement years.

The Power of 1%
Regardless of how much you’re saving today, increasing your savings by just 1% this year can make a big difference in retirement. Read below to take a look at how increasing your 401(k) savings by 1% right now will affect your retirement nest egg.

Take the 1% Challenge
Can you increase your retirement savings by 1% this year? If so, now is the perfect time to save more. If you can’t, plan to boost your savings the next time you get a pay bump.

Ready to take the challenge? We’re here to help! Speaking with a financial coach about your retirement goals and questions is a great first step. Schedule your one-on-one meeting today.