How to save more for retirement next year

Each new year marks another year closer to retirement. That may feel exciting, but it can also feel daunting — especially if you’re not sure you have enough saved up to stop working.

The sooner you step up your savings, the better your chances of having an adequate nest egg waiting for you by the time you’re ready to hang up your hat. Thanks to compound interest, “your retirement savings can grow by generating earnings on both your original contributions and the accumulated interest over time,” said SmartAsset...