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A Guide to Multiplying Retirement Savings

William Schantz

Retirement savings are crucial for ensuring a comfortable future, but many people don’t know how to manage their accounts properly. Here are a few tips by William Schantz of mafllc on how to make the most of your retirement savings.

Here Are 9 Ways to Multiply Retirement Savings


One way to maximize your retirement savings is by using the power of compounding. Compounding is when interest is added to the principal amount of a deposit or loan so that from that point on, interest is earned not only on the original principal but also on the accumulated interest from previous periods. This “snowballing” effect can help retirement savings grow exponentially over time.

William Schantz believes that the earlier you start, the better. The longer your money has to compound, the greater the potential growth. Even a small difference in starting age can have a big impact over time.

401(k) Plan

Perhaps the most common retirement savings account is the 401(k) plan. Employers often offer this type of account to workers, and many times they will match a certain percentage of your contributions. The money in your 401(k) grows tax-deferred, meaning you won’t pay taxes on the gains until you retire.


An IRA, or an individual retirement account, is another great option for saving for retirement. There are two main types of IRAs–traditional and Roth. With a traditional IRA, you make contributions with pretax dollars, and the money grows tax-deferred. With a Roth IRA, you contribute with after-tax dollars, but the money grows tax-free.

Index Funds

Index funds are a type of investment that track a particular market index, such as the S&P 500. These funds offer investors a way to diversify their portfolios and gain exposure to a wide range of companies.

Mutual Funds

Mutual funds are another popular investment option. These are pools of money that are managed by professionals and invested in a variety of assets, such as stocks, bonds, and cash.


Bonds are debt securities issued by governments and corporations. When you buy a bond, you’re lending money to the issuer in exchange for interest payments. Bonds tend to be less risky than stocks, but they also provide lower returns.


Stocks, or equities, are a type of investment that represents ownership in a company. When you buy stock, you become a shareholder and have the potential to earn dividends and capital gains. However, William Schantz warns you that stocks are also more volatile than other investments, which means they can lose value quickly.

Real Estate

Real estate is another way to invest your money. When you purchase property, you can either rent it out or sell it for a profit down the road. Like stocks, real estate can be a volatile investment, so it’s important to do your research before buying.


Per William Schantz, the best way to grow your retirement savings is by diversifying your investments and taking advantage of compound interest. By investing in a mix of assets, you can minimize risk while still achieving your long-term goals. No matter how you choose to save for retirement, the important thing is to start now.

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