3 Surefire Ways to End Up With More Money as a Retiree

By newsfeedback@fool.com (Christy Bieber)4 days ago


If you have the money to enjoy it, retirement can be an amazing time. You'll have the freedom to do things you've always dreamed of, and time on your hands to indulge your hobbies. The key, however, is having a large enough nest egg to do all that.

The good news is that there are three surefire ways to make your retirement account balance bigger and maximize the chances your golden years will be good ones.

Image source: Getty Images.

1. Save more throughout your career

It may sound obvious, but saving more money throughout your life will leave you with a bigger nest egg as a retiree. The more you save -- and the earlier you start -- the better off you'll be. That's because the money you set aside can start working for you and building wealth.

You don't need to increase your savings by much to end up with a noticeably larger investment account balance. In fact, if you save just an extra $1,000 a year starting at age 30, you could end up with around $160,000 moreby age 67.

2. Take advantage of tax-advantaged accounts

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