By Vince Petrice
Social Security Manager
in Elkins, WV

It’s 2017, and that means you might be one more year closer to retirement.

Whether you’re at your very first job or wrapping up a successful career, there are always new things to learn about when it comes to saving for the future. So why not make retirement planning part of your New Year’s resolution!
Putting money in a high yield savings account (if you can find one) is always smart, but you can do even more. The U.S. Department of the Treasury now offers a retirement savings option called myRA. There’s no minimum to open the account, you can contribute what you can afford, and you can withdraw funds with ease. To learn more about myRA, visit www.myra.gov/.
Hopefully your employer chips in a little. An employer-sponsored retirement plan or 401(k) can be a useful way to set aside funds for retirement, especially if your employer offers matching funds on what you invest. If you don’t work for an employer that offers this type of plan, there are many other plans designed to help you save for retirement.
From solo 401(k)s to traditional and Roth IRAs, there are programs designed to fit a multitude of budgets. The earlier you start to save, the more funds you’ll have ready for retirement.
And, as always, there is Social Security, which is funded by taxes you pay while you work.

To get estimates of future benefits and check your earnings record for accuracy, you can create any Social Security account at www.socialsecurity.gov/myaccount.

Along with giving up bad habits, this New Year start a good habit that can make a lasting, positive change.