the key to building wealth. The less count by maximizing your retirement manual work your system requires, contribution and therefore reducing the better your chance of success. tax dollars owed during high-income Schedule your savings automatically years. and benefit from dollar-cost- 6. Build your savings outside of a averaging over a long period. retirement account. Maintain 4. Focus on increasing your dollars ample investments outside of saved rather than on the investment your retirement account to avoid performance of your savings. accessing retirement funds in an Saving more of your income pre- emergency. Borrowing against retirement creates the best return a retirement account can be on investment. costly (penalties and taxes) and 5. Leverage tax-deferred accounts like an IRA or 401(k). These will provide a tax incentive today and retirement income tomorrow. Make your dollars 10 / Retire-VA.com / RETIRE-VA 2021 detrimental to the growth potential of your account. 7. Avoid investments with high carrying costs. Instead invest in