Why You Need to Get Your Full 401k Matching as Early as Possible

401k matching, 401k, employer contributions

Not too long ago, I was trying to demonstrate how NOT taking full advantage of your 401k matching contributions offered by your employer was causing you to lose out on more money over the course of your career than you probably thought! While it’s never too late to get your personal finances in order, one simple mistake I see people making all the time that kills me is when they wait as late as 5 to 10 years before they finally get with the program and start contributing enough to their retirement plan to get the full 401k matching from their employer. I beg you - Please don’t waste another year! Remember time is one of your greatest assets as an investor, so don’t squander it! In this post, I’ll show you just how powerful taking … [Read more...]

Maxing Out Your 401k Matching – Don’t You Dare Leave Money on the Table!

401k matching, 401k, employer contributions

If you’ve ever heard the phrase “don’t leave money on the table”, then you know that it’s a saying for walking away from a deal where you could made a whole lot more! While none of us ever wants to do this intentionally, our actions sometimes result in the contrary; especially when it comes to 401k matching from your employer! If you have a 401k retirement plan (or any other employer sponsored retirement plan) where they have some type of “matching” system of putting money in your account for you, and yet you DON’T contribute as much as you need to get that full match, then you’re just leaving money on the table! Why are you passing up FREE money? … [Read more...]