Financial Literacy for Everyone
Follow Us
FacebookTwitterYouTube
For Broadcasters

Sign up for our weekly email and learn how you can play Jason Alderman's weekly Practical Money Matters on your station. Learn more

Subscribe
Summit 2014

Watch the 2014 Financial Literacy Summit
The 8th annual event addressed financial literacy needs of the unbanked and underbanked.
View video

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

February 7, 2011
How Good is Your Retirement Game Plan?


Is your retirement savings working as hard as it should be? Start the year off right with a look at 401(k)s and your retirement plan.

Transcript

The New Year is the perfect time to reevaluate your retirement savings strategy to make sure you’re still on track.

If your employer offers a 401(k) or similar plan, make sure you’re participating. If they match a portion of your contributions, save up to at least the matching amount; otherwise, you’re leaving free money on the table.

Here’s why 401(k)s lower taxes: Your contributions are deducted from your pay on a pretax basis, which lowers your taxable income and means you pay less to Uncle Sam. Your contributions and earnings then grow tax-free until withdrawn at retirement.

If you don’t have a 401(k), open an Individual Retirement Account or IRA.

Bottom line: The sooner you start and the more you can put away, the better.


Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Message:
Enter code:


The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.