September 9th is National 401(k) Day! This day is an annual celebration to promote the importance of participation in employer-sponsored profit sharing and 401(k) plans. Ignoring these plans should not be an option! Do you stop for a coffee everyday? Put that money towards your retirement instead! Would you like to reduce your income taxes? Participate in the retirement plan and do just that as the contributions are deducted before your taxes are calculated (except for Social Security taxes). Does your employer offer a match? If the answer is yes, realize you are throwing free money away by not participating! Do you have an old 401(k) from a previous employer? Most employers allow you to roll your 401(k) balance into their plan and if they do not, you can open an IRA to capture those assets.
Contact us today to discuss these options or for any assistance you may need!!