Known confidence boosters: hitting the gym, playing a sport, learning a language … and opening an individual retirement account. Really. Americans who have put money in a 401(k) or IRA are more than twice as likely as those without such an account to be “very” confident in their ability to afford a comfortable retirement, according to the Employee Benefit Research Institute.

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Just One Thing You Can Do This Week

Look into opening an IRA. It can be faster and easier to do than picking up Mandarin.

Source: Employee Benefit Research Institute, “2014 Retirement Confidence Survey” 3/14

Your Retirement Savings Toolkit

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