While you have options when it comes to your 401(k), you should be sure to consider what’s off limits, too.

If you're committed to becoming a financially secure senior , you can take advantage of accounts created to make saving easier by providing you with generous tax breaks. In fact, there are three key retirement accounts you can use to amass a substantial nest egg with a little help from the government. Your 401(k) plan Around three-fourths of employers in the U.S. offered access to a 401(k) plan to workers in 2016, while those who are self-employed can open a one-participant

If you are over 50 and have delayed saving for retirement , you may still have time to fund your retirement by taking these actions now: Start saving. Max out your retirement contributions to IRAs and 401(k) accounts. If you are age 50 or older, you can contribute $6,500 per year to IRAs, and $60,000 per year to 401(k)s. Increase your income. Work more hours, negotiate a raise, or take a part-time job on the side. You could turn a hobby such as woodworking or quiltin