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Financial Planning Investing Saving

Inventor of 401(k) believes it can turn spenders into savers

May 24, 2019by Susan BeachamNo Comments

At The WSJ “The Future Of Everything” conference this week in NYC, Ted Benna, the man who invented the 401(k), points to his invention as the savings vehicle that can turn even a modest salary into a sizable retirement portfolio.

How? As soon as you get the opportunity to fund a 401(k) or 403(b) – do so. Process the paperwork ASAP so the first paychecks you get are the paychecks you will learn to live on. In other words, you won’t miss the money being swept into your future investment.

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A sought-after speaker for financial institutions, state regulatory agencies, trade associations, leadership conferences and schools, she is the creator of the Money Savvy Pig piggy bank-- the centerpiece of the Money Savvy Kids Basic Personal Finance Curriculum.

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