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This simple money hack could help you boost your retirement savings by $20,000 or more – CNBC

If you want to boost your retirement savings, one trick is to increase your 401(k) contribution by such a small amount that you never even feel it.

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This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money.
Saving for retirement can be overwhelming. Experts recommend striving for huge goals, like consistently saving 15% of your take-home pay and managing to put away a total of 10 times your ultimate salary by 65.
But if you aren’t able to dedicate 15% of your earnings to retirement savings right now, that’s OK….

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