CLICK on the title to learn more----I have been thinking about my younger readers recently. I had a conversation with my youngest daughter who is 23 years old and just graduated from College. She now has her first professional job as a mental health specialist at a local hospital. We talked about her benefits package and I could tell she was still thinking like a "broke" college student rather than a professional preparing for her future and eventual retirement someday...so this post is specifically intended to help all 2300 friends in my Facebook Group, particularly the younger ones who could start saving now for their future. I have a friend who did this in his mid-20's and he says he will have $1,000,000+ in his 401K when he retires.
The Best Strategy is to save what kicks in the maximum matching funds from your employer. In our case it is earning us 66% interest, or in other words my employer matches my 6% savings with 4% from them. And since we are saving in a pretty aggressive mutual fund of our choosing, it earns an additional 6% - 15% most years. It almost sounds too good to be true, but it is definatley true. Click on the title to this post for more information.