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Take advantage of employersponsored retirement accounts from "summary" of The Smartest Investment Book You'll Ever Read by Daniel R. Solin
Employersponsored retirement accounts are a valuable benefit offered by many companies. These accounts provide employees with an opportunity to save for retirement in a tax-advantaged manner. By contributing to these accounts, employees can take advantage of the employer match, which is essentially free money. It's like getting a raise without having to do any extra work. One of the most common types of employersponsored retirement accounts is a 401(k) plan. With a 401(k) plan, employees can contribute a portion of their salary on a pre-tax basis, meaning that the money is taken out before taxes are deducted. This can help reduce the amount of taxes owed each year. In addition, many employers offer a matching contribution up to a certain percentage of the employee's salary...
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