What’s the first thing you looked forward to after landing your first job?
Getting that first paycheck, right?
And what’s the first thing your parents likely told you to do with that paycheck? Put it into the bank. Save that money for a rainy day. You’ll get married some day, or perhaps you’ll want to retire comfortably.
And then you got that note from Human Resources that said, “Congratulations! You’re now eligible to participate in the company’s 401(k) retirement savings plan!”
So what did you do, hotshot?
Money for Life:
Turn Your IRA and 401(k)
Into a Lifetime Retirement Paycheck