Saving for Retirement with a 401(k)

It can be very difficult to put aside your earnings for the years to come, especially when you might want to go to a football game, or buy a nice car, or travel the world. But at the same time, you really don’t want to be retired and living penny to penny. What’s one of the easiest ways to prevent this?  Open a 401(k)! What is a 401(k)? 401(k)’s started out as the alternative to pension funds.  Pension funds had become too expensive for companies to give to their employees, so instead they offered 401(k)’s.  These retirement savings plans allow employees to set aside a portion of their paycheck before taxes are taken out and invest that money into mutual funds of their choice. Some … [Read more...]