fbpx
Listen Up Gen Y! DON’T Ignore Your 401K!

Recently I was talking to a friend about our 401Ks. My friend told me that she had not yet started contributing to her retirement account (even though her company matches!).  Her rational is that she is now at the lowest salary she will ever be making so she will worry about it when she makes more money.

Listen Up Gen Y! DON’T Ignore Your 401K!

Are you contributing to your retirement? 

Read this from MSN Money:

“Less than a third of workers 25 and under are contributing to their employer sponsored retirement plans.  These accounts are much more important to young workers than to older Americans.  That’s because the majority of younger workers aren’t covered by an old fashion guaranteed pension.  Moreover, every dollar that 20-somethings save will be more valuable over the course of their lives than the same dollar will be for older workers.  That is because young workers have more time to invest their savings and then let that money grow.  Sadly, there seems to be little urgency among young Americans to remedy this situation. For instance, a paltry 19% of young workers say they plan to fund a traditional or Roth IRA this year. In fact, the majority of 18- to 24-year-olds don’t even know whether they qualify to fund various types of IRAs, according to CCH.”

You have been warned!  Time is your biggest advantage right now.  Starting now is the absolute best thing you can do!  If you don’t start early you’ll miss out on a head start that will be incredibly difficult to make up later on.

Here is your challenge:  TODAY! Research how you can start contributing to your 401K.  You don’t have to be a financial whiz or hire a financial planner.  But whatever you do, don’t ignore it.  You will thank me someday!

Photo by teenage crime

Readers, are you planning for your retirement? 

 

 

Hi, I'm Anna!

I’ll help you create a career strategy and plan so you can finally have a job or business you love that supports the life you really want.

Learn More

You might also like…

The Ultimate Planning Guide

The Ultimate Planning Guide

I’m excited for you today because you are going to learn so much if you want to make your goals happen and launch your dream career or business. I have been helping thousands of women with this planning guide launch their dream careers and businesses for over 10...

How to Grow a Side Hustle from Home

How to Grow a Side Hustle from Home

In today's podcast, I want to help you learn how to grow a side hustle from home. And how you can juggle it all when you have a day job and you're trying to grow your side hustle as well. You may be struggling with time management and balance and feel like there are...

Time Management Strategies To Find Balance and Not Feel Guilty

Time Management Strategies To Find Balance and Not Feel Guilty

Do you ever feel like you are always busy? You feel burnt out, unhappy and unfulfilled with barely enough time to make your dreams happen. Maybe you feel haunted about balancing it all and you feel like there’s more for you out there but you have to figure out how to...

90 Day Planner