Mark Kohler explains that 401(k) matching is an immediate 100% return on your money. Find out your employer's exact match percentage, usually 3-4%, and contribute at least that much. After you get the full match, stop and focus on other financial goals.
If you have a day job and the company does any sort of 401k match, usually it's around 3 to 4% of your salary. Your first line of defense is to always calculate that amount. Go to HR and say I'm contributing at least that amount. Because when the company matches it, you just doubled your contribution. That's 100% rate of return. Now, when you look at long term rates of return and the performance of your 401k, putting in that double amount out of the gate, that's a big deal. That really drives the ROI on your overall investment. So 4 401k is best. When you have a match at work, play in the match and then what I say is get out.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
