A small bump in 401(k) savings now means a lot for your future
America’s savings crisis is a pretty well known issue today, exacerbated by the fact that far too many people aren’t taking full advantage of the 401(k) plan offered by their employer. In fact, about 20% of employees don’t contribute enough to take full advantage of the employer match feature of their 401(k), thus leaving free money on the table. Even a small boost of an additional 3% contribution can mean a 33% larger retirement savings account when the time comes to start depending upon it. This Motley Fool article by Katie Brockman explains how saving even a few extra dollars per day can amount to hundreds of thousands of dollars over time. Click here to read more.
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