With the uncertainty lying within the economy today, many people have decided to forego contributions to retirement as a means in which to save money. I highly encourage this to be one of your last options, and continue making contributions if at all possible, especially if your employer matches your contribution. For example, if you put $50 into your 401K and your employer matches that, you've earned an instant 100% return on your money. Your $50 contribution becomes $100, just like that!
With that said, I encourage you to revisit your budget and see if you can either up your contributions, or begin making them. When it's time to retire, you'll be glad you did!
No comments:
Post a Comment