Everyone Should Try to Participate
Strongly consider putting at least 5% of your pay into the plan. This will give you the maximum match ("pay raise") that DBA will offer. You would contribute $1000/year, but your paycheck would only go down about $800/year. DBA would add another $1000/year.
The 401(k) account is your money. It does not belong to the kids, it does not belong to the house, car, doctors, etc. -- it only belongs to you. The investment is for your retirement. Pay yourself!
After 30 years, your account would have about $450,000.
Curve assumes an average 4% pay raise.
|Published by Lotus® Freelance Graphics®||Authored by Rich Franzen|