It’s so very important to plan for your retirement even when it seems so far away
“I’ve been with the same company for 42 years and have a great 401(k). Some advice I would give to young professionals entering the workforce is to always contribute to a 401(k) or something similar for your future. It’s so very important to plan for your retirement even when it seems so far away, and it’s never too early to contribute. Put in as much money as you can even if you’re living paycheck to paycheck and think you need the extra money. It's also important to never take money out of your 401(k). Even though you can take a loan and pay it back, your 401(k) won’t grow the same way as if you had kept the money in your account. Always take the overtime when you can get it!
“We should be able to live very comfortably with the money we have, but my concern today is that if things keep going the way they are going with the stock market, we might lose a lot of money.”
Interview & photo by Ella Frost
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