Senior couple embracing on beach, rear view © Digital Vision, Digital Vision, Getty Images

You want to not only have enough money to live comfortably when you retire, you also want a little bit more. Maybe you want enough to travel, start that side business you always talked about or purchase your dream home since you'll have time to enjoy it. Whatever your retirement dreams are, maximizing your retirement income can help.

Here are some ways to do just that:

Start saving as soon as possible

You've no doubt heard of the benefits of compound interest. The key is that the sooner you start saving, the sooner you start gaining the interest and the sooner that interest can start compounding. Two years makes a difference, but five or 10 years makes an even bigger difference in the amount you end up with upon retirement. If you're on a tight budget, you can still stash at least a little bit away in a retirement account. Have a set amount automatically deducted from your paycheck, so you're not tempted to spend it. You're investing in your own future. (Are you saving enough for retirement? Find out with MSN Money's calculator.)

Start saving with a lump sum

This one isn't always possible, but if you happen to have a nice lump sum of money come into your possession, consider using it as the base of your retirement fund. Graduations and weddings often result in gifts of cash, so use these as the seed of your retirement account for increased compound interest and a larger return when you retire.

Figure out which account works for you

According to David Braze of The Motley Fool, there are several types of individual retirement accounts. For example, the spousal IRA allows for contributions for your non-earning spouse to a separate IRA.

Get matching contributions

Two types of IRAs, the Simplified Employee Pension (known as a SEP-IRA) and the Savings Incentive Match Plan for Employees (known as a SIMPLE), allow employers to contribute to employee IRAs. Obviously, having an additional or matching contribution to your IRA will increase the value, so be sure that you ask your employer to do so. (Use MSN Money's calculator to find out.)

Avoid getting overtaxed

Different tax laws govern different types of IRA and 401k accounts; the traditional IRA allows for some deductions on qualifying contributions, but withdrawals are taxed. The Roth IRA, on the other hand, does not allow for tax deductions on contributions, but it does provide for tax-free on qualified withdrawals.

After age 59.5, for example, you can withdraw money from your Roth IRA tax-free. You can also look into transferring money from a traditional IRA to a Roth IRA; doing so would allow you to withdraw the money earlier and use it on a purchase such as a retirement home.

Talk to a pro

It's a good idea to do your own research, educate yourself on your options and make informed decisions. You can get advanced help from a financial professional whose education and career focus on planning and saving for retirement. Get the most out of a financial consultant by doing your homework first. Come to the meeting with some basic understanding of the options, your own financial goals and your specific questions about how best to achieve those goals. With your consultant's insight and your own intelligence, you'll be able to find the best strategies for maximizing your retirement income.

Look outside the box

Don't be afraid to look at other options for raising and saving your retirement income. You can invest in real estate, become a venture capitalist, raise interest by lending your own money, or invest in items that have appreciable value in order to grow your retirement income. The best thing to do is become active in overseeing how your retirement income grows. Passivity is deadly. Get interested, get involved, educate yourself and start managing your future now.

The bottom line

Having enough money to live comfortably when you retire isn't enough for most people. It's also important to have a little extra so you can fulfill some of your lifelong dreams like traveling when you retire. Whether it be getting advice from a pro or saving earlier, there are many simple ways to make sure you're financially prepared for retirement.