A larger retirement fund isn't the only reason to begin saving early
Strategas CEO and Chairman Jason Trennert addresses the run on smaller regional banks as the market plans for the Fed's next rate move on 'The Big Money Show.'a retirement plan"Retirement is the biggest goal that we save and invest for throughout our lives, and it’s important to save for your future now – no matter how young or old you are," says Rita Assaf, vice president of retirement at Fidelity Investments.
"As you contribute to your retirement plan, the earnings this investment generates grow alongside the market over time," Yu says. "It’s important not to underestimate the power of compound interest, which means every dollar saved will be worth exponentially more when it comes time for retirement. It’s a marathon, not a sprint, to build up financial security.
which are essentially free retirement money for employees," Yu tells FOX Business. This means that companies will match up to a certain percentage of an employee's salary toward their retirement fund, assuming the individual contributes enough to meet the match, she says.If you can contribute through work, what’s the target amount?
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Gifts For Men in Their 20s For Father's DayFrom AirPods to sneakers, these are the coolest gifts the 20-something guy in your life will appreciate.
Read more »
Track and field: Newest boys, girls Top 20s turned upside down by championship meetsWith sectionals looming closer, which ranked teams are hitting their stride?
Read more »
ChatGPT could spark the Roaring 20s for stocks and solidify bull marketThe rise of ChatGPT could jump start the Roaring 20s for stocks and solidify a new bull market
Read more »
Family fights to stay in U.S. for life saving dialysis treatmentDeportation could mean a death sentence for a child in Texas.
Read more »
These Are the Best Appliances From Amazon for Small Kitchens - E! OnlineAll these space-saving finds are totally useful and budget-friendly.
Read more »
Overwatch 2’s director explains why its big PvE mode was canceledThat’s game development, baby.
Read more »