Participation is one thing. It’s critical that retirement savers build on the momentum of participation and use that to increase the amount of dollars that get contributed to their article. How can plan sponsors facilitate this?
Tag "Compounding"
The real prize, though, comes courtesy of following Ben Franklin’s advice. Once you convince them to save and they see the perpetual motion machine known as “compounding,” your job is done.
They say they best way to learn is by teaching. Here’s something you can teach your kids that will help you.
Tax-deferred compounding is the retirement saver’s silent partner on the journey to retirement success.
With the advent of the 401k plan, we added two more gears, changing our savings vehicle from a ’72 Pinto to a ’68 Mustang.
