Owning just Apple, Tesla, or any one stock isn’t enough for building wealth. Let’s get you protected when your favorite stock takes a loss!
The 401k Workplace Benefit
One of the things we’re trying to accomplish here is empowering you and your family financially. And one important thing that many overlook is how your workplace benefits may give you that bonus you’re looking for, without doing anything but saving.
Most employers offer a 401k benefit, including employer matching of your contributions. That means they will contribute a certain amount to your retirement savings, based on how much you save.
Max This Out As Much As You Can
Want $713,717 extra in retirement?
Employer contributions add up quickly. Check out this calculator to see how much more in retirement you could have with 50% to 100% matching.
That’s what they’re offering here. If you can sock away $5,000 for the year ($193 a pay check) in your 401k matching plan, and your employer adds 50% of your contributions, you’ll get $2,500 for free, per year, in your retirement. Over time, with investment growth of 10%, that adds up to more than $700,000 in extra funds after 35 years.
Compound interest, it’s magical. Take advantage.
Many people don’t even know there is this benefit out there for them. Check your workplace benefits book, ask your HR department about any 401k matching plans, or better yet – see if we can help by emailing us. We can pinpoint how much your company will match, and how much it will help you to take advantage of it. It’s easier than you think, and we’re here to get you through it.
Click Get Started” to learn more.