As prices soar, here are the best ways to still save for retirement

SEATTLE — People are feeling the squeeze of soaring prices as inflation is forcing many to save less money for retirement.

KIRO 7 talked with Kirsten Curry, founder and CEO of Leading Retirement Solutions, about the best ways to still save for your future.

The key is your employer’s 401(k) plan. Find out if your employer offers matching 401(k) contributions. If so, make sure you’re contributing enough to take advantage of the match.

Curry says that despite the pandemic, employee savings have continued to accelerate.

“Companies are committing more than ever to their 401(k) plans. And that is having increased retirement savings for the employees,” said Curry.

Curry said that the second competing retirement plan is the traditional IRA. However, with an IRA you’re limited on how much you can contribute and you don’t get employer matching benefits.

However, Curry stresses that the 401(k) plan is the leading and most beneficial retirement savings method.

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