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Take advantage of employersponsored retirement plans from "summary" of I Will Teach You To Be Rich by Janny Patri
Employer-sponsored retirement plans are a valuable tool for building wealth over the long term. These plans, such as 401(k)s or 403(b)s, offer significant tax advantages that can help you grow your savings faster than if you were investing on your own. By contributing to these retirement accounts, you can lower your taxable income, allowing you to keep more of your hard-earned money in your pocket. One of the key benefits of employer-sponsored retirement plans is the employer match. Many companies offer to match a percentage of your contributions to your retirement account, up to a certain limit. This is essentially free money that your employer is giving you to help you save for retirement. By not taking advantage of this match, you are leaving money on the table and missing out on a valuable ...
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