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Take advantage of employersponsored retirement plans from "summary" of The Only Investment Guide You'll Ever Need, Revised Edition by Andrew Tobias
One of the most valuable benefits that many employers offer is a retirement plan. This is a way for employees to save for their future and take advantage of potential tax benefits. By participating in an employer-sponsored retirement plan, you can set aside a portion of your income on a regular basis to be invested for your retirement. This can help you build a nest egg over time and provide financial security in your later years. Employer-sponsored retirement plans often come with matching contributions from the employer. This means that for every dollar you contribute to the plan, your employer will also contribute a certain amount. This is essentially free money that can help boost your retirement savings significantly. It is important to take full advantage of these matching contributions, as they can make a big difference in the long run. Another benefit of employer-sponsored reti...
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