Take advantage of employersponsored retirement plans from "summary" of Let's Talk Money by Monika Halan
Employersponsored retirement plans are a valuable tool for building wealth and securing your financial future. These plans are offered by your employer and typically come in the form of a 401(k) or similar account. The key advantage of these plans is that they allow you to save for retirement with pre-tax dollars, meaning you can lower your taxable income and save more money for the future. When you contribute to an employersponsored retirement plan, your employer may also match a portion of your contributions, essentially giving you free money to help grow your savings even faster. This employer match is essentially a bonus on top of your salary, and it can significantly...
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