| Getting the Most from Your 401(k) or 403(b) (2010-10-11) |
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marotta
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| Getting the Most from Your 401(k) or 403(b) (2010-10-11) |
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Getting the Most from Your 401(k) or 403(b) (2010-10-11)
by David John Marotta
For many workers, their retirement account is their largest asset. Having so much of your nest egg in one place means you should watch carefully how it is invested and monitor it regularly. Unfortunately, the average family spends more time planning their annual vacation.
Read the complete column at http://www.emarotta.com/article.php?ID=419
David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
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Mon Oct 25, 2010 9:29 pm |
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MrCashFlow
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Joined: 27 Sep 2010
Location: East Coast
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Great article. I like the way the following paragraph breaks down the importance of contributing 100% of the employer match in retirement plans such as 401(k) plans.
"This is easily the fastest 80% return on your money. No one should pass up an employer match. If you are in the 25% tax bracket, each dollar you contribute will only cost you 75 cents. If you earn $50,000 and contribute $3,000, it will reduce your paycheck by only $2,250, and you may receive an employer match of $2,500. In other words, for $2,250 less in your paycheck, you can get $5,500 more in your retirement account."
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Thu Nov 11, 2010 1:30 am |
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Mr Nice Guy
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Location: Fort Collins, CO
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Thank you that was good
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Sun Nov 14, 2010 6:01 am |
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