9 Things Everyone Must Do Before Even Considering Retirement

8) Add as Much as you can to your Retirement Savings Account

In the year leading up your retirement, add as much as you can to your retirement savings account. You can contribute up to $5,500 a year to your IRA. Plus, if you’re 50 or older, you can contribute an additional $1,000 in catch up contributions each year if you meet the IRS’ income requirement. In the year or two before your retirement, it’s a good idea to contribute the most money that you can. Take a look through your current budget, and see how much you spend on average each month. Then, try to find places where you can trim that spending, and put that extra money in your IRA. When you retire and are no longer adding money to your IRA, you’ll appreciate having that extra cushion in your account.