 TITLE: How Much Money Should You Have Saved by Age 50? CONTENT: How to Save More Money\n----------------------\nWhat if your projected retirement savings just won't be enough? Here are eight tips for maximizing your retirement savings, starting now:\n*   **Don't wait.** The very best time to begin saving for retirement is when you're young, but the second best time to start saving is right now. Compound interest or investment growth will make the value of every dollar you put away now significantly larger by the time you retire.\n*   **Take full advantage of employer-matched 401(k) contributions.** You'll double your contribution on day one, which is an unmatched opportunity.\n*   **Look into Roth IRAs.** Although you can't deduct Roth IRA contributions from your taxes now, your future withdrawals will be tax-free. This means your Roth IRA funds go further in retirement.\n*   **Automate your retirement savings.** Having contributions deducted from your account automatically takes away some of the temptation to spend it instead.\n*   **Eliminate as much debt as possible.** The interest you're paying now may slow down your rate of savings. And the less debt you have in retirement, the less income you'll need.\n*   **Create extra income to help fund your retirement.** Even a little money from a side job or freelance gig can help you beef up your savings without cutting into your regular income.\n*   **Look for ways to** **spend less and save more****.** Make a budget and stick to it, adjusting as needed.\n*   **Talk to a financial advisor.** Preparing for retirement can be a long, complex process. A financial advisor can help you make sense of your options. END