Last week we discussed how your company can help your investment grow. This week we will also discuss another great reason to contribute to your 401(k).
Reason number 2: Automatic Payroll Deduction – Automatic payroll deduction makes it easy to save with your 401(k) because you figure how much money you want to contribute to your plan and it is automatically deducted from your paycheck each pay period. Since you never see the money, you are not tempted to spend it!
Sounds like an easy, care-free way to save right? You never have to deal with putting the money back yourself! It is completely hassle-free. So why not use it?
Stay posted to Moneytoolsforlife.com for more great bonuses that come with contributing to your 401(k)!