It’s like winning the lottery. In exchange for getting money you wouldn’t have otherwise received, you’ll have to give some of it to Uncle Sam. Uncle Sam gets more taxes. You get more money. It’s a win-win!
Education
“The ultimate goal of a 401k plan is to maximize the participants’ retirement readiness.”
Tax-deferred compounding is the retirement saver’s silent partner on the journey to retirement success.
There’s the usual reason people say to save in tax-deferred retirement plans, then there’s this, much sexier, reason.
With the advent of the 401k plan, we added two more gears, changing our savings vehicle from a ’72 Pinto to a ’68 Mustang.
While savings is the critical issue, there are those few employees who have these time and resources to study investing. This is for them.
