Take the free money!
If your boss offered, you a guaranteed 100% return on your money would you take it? Of course you would! With an employer sponsored retirement plan (401k), your boss literally gives you a tax preferred piggy bank and is willing to put his own money in to match yours. Why anyone would pass up this opportunity is a constant source of frustration for employers and advisors.
Retirement may seem ages away, but the earlier you start saving, the better off you will be. Compounding gains from investing early can be the difference between enjoying the fruits of a richly deserved retirement or having to live with your kids when your savings can’t meet your spending needs. So start saving now and don’t stop. Also, don’t borrow or “steal” from your retirement accounts…. you’ll regret it. Social security may not exist in the future, and pensions are a thing of the past. Your retirement is in your hands so make it count. You won’t regret that!