Welcome to adulthood. You have bills to pay, possibly student debt, basic needs, and we’ll even throw in child expenses for fun. On top of this you could be attempting to contribute to your retirement plan as much as possible. When you turn 59½, we’re assuming you want your retirement account to be beefed up via 401(k) contributions. You’re already aware that safari vacation on your dream board won’t pay for itself.
Continue reading “401(k) Contributions versus Plain Savings”