How to get to a million faster than you think
Do you know if your employer offers a matching plan to your retirement plan? If you’re not taking advantage of your company’s retirement matching plan, you’re denying yourself free money. Think of it this way, if I offered you $500,000, would you take it? Find out how to dip into your pot of free money that can add up to over a million.
A recent survey by Watson and Wyatt found that 35% of employers who stopped their retirement matching plans during the past year, plan to start back up again this year. What does this mean for you?
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Know exactly when your employer will start their matching program again. Send an e-mail to your HR rep.
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Automatically increase your contribution to max out your savings.
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Think of it this way, if you invested $5000 a year of your own money for 30 years in your retirement account you can expect to have $500,000. If you take advantage of your employers plan that matches your contribution, you could expect to have $1,000,000 at the age of retirement.
