Our oldest daughter changed jobs this past December. I’ve been texting and emailing periodically to ask her if she has been able to enroll in her 401(k) plan yet. I did not want her to lose any time because I know time is money. She has contributed the max to her 401(k) from day one. But with a job change it’s possible to lose sight of the end game.
To work, compound savings needs seed money. Most companies – hers included – will incent you to save in your retirement plan by matching a percentage. That’s free money you will not get if you do not save and deposit money in your 401(k) plan.