money investment

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money investment While it’s not nearly as fun as watching your favorite stock on the evening news, the undisputed heavyweight champ of doubling your money is that matching contribution you receive in your employer’s retirement plan. It’s not sexy and it won’t wow the neighbors at your next block party, but getting an automatic 50 cents for every dollar you deposit is tough to beat. Although, not all plans offer immediate vesting. You may have to wait a number of years before you gain ownership of your employer’s contributions. Making it even better is the fact that the money going into your 401(k) or other employer-sponsored retirement plan comes right off the top of what your employer reports to the IRS. For most Americans, that means that each dollar invested really only costs them 65 to 75 cents out of their pockets. In other words, for every 75 cents, most Americans are willing to forgo out of their paychecks, they’ll have $1.50 or more added to their retirement nest egg. 71792
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