More than one young person has gone to their first job this year with a parent or loved one encouraging them to “take the free money” when it comes to their company’s 401(k). There’s a lot of reasons that is a good thing and even some that make it a terrible idea. For starters, the 401(k), a product of the 1970s, was never designed to be an individual’s entire retirement asset. Over the years, though, as pension plans have fallen away, we’ve come to expect it to do that, and many new retirees are only now realizing they’ve saved far too little. This month, let’s shed some light on alternate ways to create retirement assets.
Hope you are finding time to relax during this busy time of year!
Until next post,
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