Created More Income Streams
Depending on the person budgeting, how much you spend might not seem as important as how much you make. More than 14 percent of retirees surveyed wished they created more income streams while they were younger.
Examples of additional income streams include traditional side jobs. But, you can find more unique opportunities like BBQ judge, freelance writing and consulting for smaller companies.
DNY59 / iStock.com
Used After-Tax Retirement Savings Accounts
When you save money in traditional 401ks and IRAs, you pay taxes on distributions. Diversify your savings with Roth accounts, like Roth IRA and Roth 401ks. You don’t get a deduction for contributions, but qualified distributions come out tax-free.