Did you know that adding just 1% per paycheck to a retirement account can lead to thousands (or even hundreds of thousands) more dollars to help you enjoy retirement? For example, if you’re 28 years old and make $50,000 per year, adding 1% of your pay (less than $10 a week) to your retirement savings could add more than $160,000 to your nest egg when you retire.*
If you contribute dollar amounts per paycheck, consider switching to a percentage to keep pace with pay increases.
Use this Fidelity tool to see what a 1% increase could do for you. Sign up for a voluntary retirement plan or update your contributions.
Dive deeper
Want to learn more about how starting contributions, increasing contributions, or consolidating retirement accounts can help you maximize your retirement savings? Attend any or all of the following Fidelity webinars:
- Make the Most of Your Retirement Savings (June 9, noon–12:45 p.m.)
- Retirement Savings Basics (June 16, noon–12:30 p.m.)
- How Consolidating Accounts Could Help You Save Time and Money (June 25, noon–12:30 p.m.)
Register on Fidelity's Appointment Scheduler webpage by selecting “Attend a learning event,” then typing “University of Minnesota” as the Employer and “Virtual Event” as Event Type.
Each webinar earns 200 Wellbeing Points!
*See Fidelity tool for disclaimer.