Maximize employer retirement contributions from "summary" of The 7 Most Important Money Decisions You'll Ever Make by Mary Claire Allvine,Christine Larson
When it comes to planning for retirement, one of the most important decisions you can make is to take full advantage of your employer's retirement contributions. Many employers offer retirement plans such as 401(k)s or pensions as part of their employee benefits package. By maximizing these contributions, you can significantly boost your retirement savings and ensure a more secure financial future. Employer retirement contributions are essentially free money that your employer is willing to put towards your retirement savings. By contributing the maximum amount allowed by your employer, you can take full advantage of this benefit and increase your overall retirement savings. This can have a significant impact on your financial well-being in retirement. In addition to the immediate benefit of increased retirement savings, maximizing employer contributions can also help lower your taxable income. Contributions to retirement accounts are typically t...
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