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| Tuesday, May 15, 2007 |
| We have the tools for retirement |
CareerJournal.com reports: U.S. Workers Are Encouraged To Plan Retirement, Poll Shows So employers are doing their part making the retirement options available. Those with more education are in jobs that offer a greater variety of financial-planning and retirement-preparation opportunities and incentives, the poll indicates. For example, 33% of employed respondents who are college graduates said their employer matches contributions to a 401(k) plan, compared with 16% of those with high-school education or less. And a quarter of college grads are invited to financial or retirement-planning workshops, versus 8% of those with less education. It is true that every employer I have worked for as an adult has had some sort of retirement plan I could participate in (mostly offered me a 401(k) option) and it is also true I have mostly not taken full advantage of the programs.
This is the first year I will try to contribute the maximum allowable in my 401(k). While having access to these programs is half the battle - the other half - being able to afford to take full advantage of them - is also a challenge. |
| posted by Boston Gal @ 2:39 PM *
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| 3 Comments: |
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Wow. Lots of retirement posts from you over the past week -- LOVE IT!
Keep them coming!!
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It always seems harder to save the pre-tax money (401k) than the after-tax (eg Roth). Perhaps it's the fear that if you deduct too much pre-tax, you won't have enough for necessities with your take home.
This seems to be my problem. I've been slowly raising my witholdings, but it's scarier going up 4% than dropping $4,000 in a Roth.
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Congrats, Boston Gal, on maxing out your 401(K) this year. That's my goal for next year.
I'm glad to see all the retirement articles, too. But I have to wonder - are these articles preaching to the choir? All of us who read finance blogs listen to the advice, but I do wonder how much of it gets through to the masses.
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Wow. Lots of retirement posts from you over the past week -- LOVE IT!
Keep them coming!!