Your 401k is an investment in your monetary future

A 401k is just one of the most investment that is powerful for your your retirement — plus it’s IWT’s favorite thing ever for a couple of reasons:

  1. Pre-tax assets. You don’t get taxed regarding the cash you add unless you withdraw it at retirement. What this means is you’ve got more income to compound and grow.
  2. Free money with manager match. Many organizations will match your 401k earnings as much as a percentage that is certain. It’s basically money that is free!
  3. Automated investing. The assets you will be making are obtained from your paycheck immediately each thirty days — which can be an enormous emotional benefit.

With all these benefits that are awesome comes an expense: You can’t withdraw some of it before you strike the age of 59 ?. Continue reading →