If you are looking for a financial calculator to help you plan out your savings check out dinkytown.net they have calculators for most all situations. Mortgage, Retirement, Business, Loans, Personal Finance, Auto, Tax and many more.
Tuesday, May 7, 2013
Make Saving Automatic, with 401k
Do you find it hard to save money for the future, if you are like me you have to first trick yourself into saving for retirement. I started contributing to my companies 401k as soon as I started. Making sure that I was putting the full percentage that they would match.
If you are not contributing, you are basically saying No to free money. It's like getting a raise that comes out pretax. Saving this way will outperform a tradition savings account which parks your money in a place where it does not earn even 1% in most cases. (If anyone knows of a online option with a high yield please let me know)
I am sick of hearing that you don't have enough to get in the game. Stop sitting on the sidelines of your financial future. If you have access to a 401k, you have access to investing. Do it ,and forget about it.
If you are not contributing, you are basically saying No to free money. It's like getting a raise that comes out pretax. Saving this way will outperform a tradition savings account which parks your money in a place where it does not earn even 1% in most cases. (If anyone knows of a online option with a high yield please let me know)
I am sick of hearing that you don't have enough to get in the game. Stop sitting on the sidelines of your financial future. If you have access to a 401k, you have access to investing. Do it ,and forget about it.
Subscribe to:
Posts (Atom)