In my last post, I mentioned that saving is one of the first steps to take toward a financially secure future. Specifically, invest in a 401(k) if your company offers one. The money goes in automatically pre-tax (you can even pretend it doesn’t exist), and usually the company matches a percentage of what you input. Any percentage you invest is better than nothing. Find out the max amount your company will match and aim for that. Or you can do a Roth IRA, with money that’s been taxed in your paycheck already. The max is $5K per year. You can also do a combination 401(k)/Roth IRA if you want to diversify and get fancy.
|Choose Your Nest Egg Nest|