Actively Saving Checklist

You've tackled the challenge of starting to save for retirement. Now all you have to do is keep at it! With some small tweaks, you can stay on track. Use the checklist below to keep your momentum going.

Manage Your Money

  • Revisit your budget. At this point in life, you've likely seen changes in jobs, family, location and lifestyle. Your salary has probably increased, but your expenses may have as well. Take a look at how your priorities have altered and how you can reallocate or eliminate spending if needed.
  • Live within your means. Know your limitations and exercise restraint on purchases and upgrades. Keep your expenses within your budget and don't get caught up in keeping up with anyone else.

Protect Your Earnings

  • Keep up with your emergency fund. With so many demands on your income, it's important to continue building an adequate safety net in case of emergencies like disability, job loss or major home repairs. Save three to six months of living expenses in a checking or savings account to avoid tapping into your retirement funds.
  • Adjust your insurance coverage. As your assets grow, you may need more insurance to cover them. If you're ill or injured, disability insurance will replace a portion of your lost income. Life insurance, too, can help take care of your family should something happen to you.

Invest in Your Future

  • Maximize free money. Take advantage of any matching retirement contributions your employer offers, and make sure you're contributing enough to get the full match. Set aside financial windfalls, like bonuses or tax refunds, for retirement or other savings goals.
  • Increase your contributions. Increase your retirement contributions as your pay increases. Consider bumping up your contributions by one percent or more each year. Use any raises you receive as an opportunity to increase your retirement savings.
  • Keep retirement top of mind. If you've changed jobs or you're seeking a new one, don't let your retirement take a hit. Enroll in your new employer's plan, if available, as soon as you're eligible. You can also roll over existing retirement funds into an Individual Retirement Account (IRA).
  • Review your investments. Rebalance your portfolio annually to keep it in sync with your savings target. Work with one of our financial advisors to determine how your portfolio should be rebalanced or reallocated based on your timeline, risk tolerance, current needs, lifestyle and future goals.

Want to increase your retirement savings?

Boost your IRA contributions or add a certificate to the mix.

Not sure where to start? Contact a financial advisor at 1-877-221-8108.


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Navy Federal Credit Union is federally insured by the National Credit Union Administration.

Nondeposit products offered through Navy Federal Brokerage Services, LLC (NFBS), member FINRA/SIPC. Insurance products sold through licensed agents appointed with various companies. Investment advisory services offered through Navy Federal Asset Management, LLC (NFAM). NFBS and NFAM operate under the marketing name of Navy Federal Investments & Insurance. Nondeposit investment products are not federally insured, are not obligations of the credit union, are not guaranteed by the credit union or any affiliated entity, and involve investment risks, including loss of principal, and may be offered by an employee who serves both functions of accepting members' deposits and the selling of nondeposit investment products. NFBS and NFAM products are not offered, recommended, sanctioned or encouraged by the Federal Government. Office of Supervisory Jurisdiction, 12851 Worldgate Drive, Herndon, VA 20170; phone 1-877-221-8108; fax 703-332-0424.

Investors should carefully consider the investment objectives, risks, and charges and expenses associated with municipal fund securities before investing. This and other information about municipal fund securities is available in the issuer's official statement which can be obtained directly from the issuer, or if distributed through a broker dealer, may be obtained from a financial adviser, and should be read carefully before investing.

An investor should consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

If a municipal fund security describes one or more of their investment options as having the characteristics of a money market fund, it is important to know that an investment in the security is not insured or guaranteed by the FDIC or any other government agency (unless such guarantee is specifically provided by or on behalf of such issuer) and, if the security is held out as maintaining a stable net asset value, that although the issuer seeks to preserve the value of the investment at $1.00 per share or such other applicable fixed share price, it is possible to lose money by investing in the security.