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.