This One Move Could Help You Save More for Retirement
New research finds the secret to saving more for retirement is to envision how you want to live in your retirement years.
According to a study from Capital Group, if people visualize their retirement years, they save one-third more.
The research is based on a survey of 1,202 American adults.
Half of respondents were asked to picture their retirement years, while the other half were asked how much they wanted to save for retirement. The group that were asked to visualize their retirement years recommended saving 31 percent more per paycheck in a retirement savings plan on average than the second group of respondents.