Money Peach
EP135: 5 Steps to Be the 401k Millionaire Next Door
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:36:47
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Sinopsis
Benjamin Brandt, host of the Retirement Starts Today Radio Show and Founder/CEO of Capital Wealth Management is coming on the show today to talk about the 5 steps to building wealth inside your 401k. Believe it or not, $1 million may seem like a lofty goal by today's standards, but will it be enough if you're planning on retiring 20-30 years from now? Here are the 5 steps we will discuss during the show: Step 1: Start Saving Today The money you will be living off of in retirement is not from the money you are setting aside today. It's from the money that your money will be making in the form of compound interest. Step 2: 10% -15% Invested Start off by saving 10% - 15% of your income. Then, every time you get a raise, split the raise: half goes to you and the other half goes to your 401k. Step 3: Always Get the Employer Match 97 percent of employers offer a company match. How much is the match, is it a tiered match, and how do you find this out? Remember, the employer match is truly FREE money for your nest