This is a good idea.   A 401(k) is the most common retirement solution offered .  It is a good idea because the company is matching (free money) into your "Retirement Savings" account.  Therefore most people mistakenly believe that they have a retirement plan that will allow them to retire some day.  

Sadly, most people do not understand how a 401(k) works.  The truth of the matter is that for most people if you fully fund your 401(k) for 35 to 40 years your retirement savings may only last a few years.  Wow.  If you are just hearing this for the very first time, we are sorry to be the bearer of bad news.  If you have a 401(k), keep it and don't panic.  But if you are expecting to retire solely on your 401(K), you may be in for a huge shock.  While your retirement savings are growing, your tax obligation is growing too and a large part of your retirement is going to go to Uncle Sam.

 

Watch a Short Video that Explains the Basics of a 401(k)   It is only 5 minutes and 16 seconds.

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94 % of retirees will not have enough money saved up for a secure retirement.  And most of them put their trust in their 401(k).  There are better ways to protect your family, protect your income, guard against devastating chronic illness, and prepare for a secure financial future with a wealth-building strategy.  Give me a call and let's get you educated about how to get started on a better retirement for life.  I look forward to helping you and your family.  If you don't get help with me...get help somewhere.