Think you need a huge financial boost in order to grow your retirement savings

? You don’t. In fact, a few simple tricks can mean a huge payoff during your golden years. By following the steps below you will be well on your way to a financially secure retirement.

1) Financial Foundation

First, diligence and strategy are key: create a retirement blueprint. Go about this plan the same way you would a budget, although with retirement you are planning based on projected incomes and expenses. When planning it is imperative to start with a sound financial foundation, this means managing debt

(paying off credit cards) and accruing a solid emergency fund, three to six months’ worth of expenses. This part of the planning is imperative to retirement success.

2) Match Your Company’s Contributions

Many employers will match an employee’s 401(k) contributions, but different companies match at different rates. Typically a company matches 50% of an employee’s first 6% of their salary. Or some companies will provide a straight match up to a certain limit. A few companies will match an employee dollar for dollar, although those are quite rare. Regardless of your situation, max out your employer’s benefits. By matching your employer’s retirement program you could significantly increase your nest egg. Additionally, by increasing your savings plan from 10% (of your salary) to 12% you could increase your retirement account by 20%. A small jump can pay off big in the long run.

3) Consistent Investments

In order to make the most of retirement savings, consistency is key. Continuing to invest in your retirement savings while balancing other financial obligations such as saving for college or paying off your home is vital. By directly depositing your funds into your chosen retirement account you’ll be able to grow your savings without too much thought.

4) Best Retirement Account for You

There are three main retirement type accounts, 401(k)s, traditional IRA and Roth IRA. All have positive and negative aspects. Choosing the right one for you is vital in getting the most out of your retirement savings. Questions to ask yourself: Do you want more flexibility? Will you be in a lower tax bracket once you retire? How much does your company match to your 401(k)? A straightforward overview of each account is detailed here.

5) Delaying Retirement a Few Years

Retirement ages have increased over time due to the simple fact that individuals are living longer. By delaying your retirement age by 2-3 years you can continue to contribute to your account while letting your investments grow. When deciding this, it is important to attempt to forecast your retirement years. Will you need to keep working (or want to)? Will you sell your home? Do you want to travel?

By creating a retirement strategy that is right for you and your family paired with consistent contribution, you will be well on your way to a financially solid future.