A 401k is amongst the many powerful investment cars for your retirement — plus it’s IWT’s favorite thing ever for all reasons:
- Pre-tax investments. You don’t get taxed regarding the money you contribute at retirement age until you withdraw it. What this means is you have got additional money to compound and develop.
- Free money with company match. Most businesses will match your 401k earnings as much as a specific portion. It’s basically free cash!
- Automated investing. The assets you create are taken from your paycheck immediately each month — which will be a large benefit that is psychological. Read more