So That Startup Pays Great But Doesn't Have A Retirement Plan? Expert Advice On A DIY Solution - News Summed Up

So That Startup Pays Great But Doesn't Have A Retirement Plan? Expert Advice On A DIY Solution


Getty / TaxiWorkers offered payroll-reduction retirement plans at work are 15 times more likely to save for their retirement, but only about half of all private sector workers are offered those plans. Even among top-quintile earners ($63,500 or more), over 25% are not offered a retirement plan at work. So what should you do if you're making a great salary but aren't offered a retirement plan? Set Goals"Review your retirement goals so you know how much you need to save now to stay on track. You will need to be disciplined and plan to set funds aside from each paycheck to fund a retirement account."


Source: Forbes November 09, 2017 18:36 UTC



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