Almost all people don’t really know what excessive spending may hurt them in the long run. When they are closer to retirement, they get much smarter about what things really cost them. For this “born again” financial savvy person, cost is not just the some amount of money being paid for buying things, or even any associated interest costs. The cost is really in lost of potential savings that could have been compounded into very meaningful numbers needed in retirement (more…)

401k retirement plans are one example of employee retirement plans that are sponsored by an employer. These employee retirement plans are a way for employees to be able to save and plan for their retirement.

401k retirement plans typically involve automatically taking a percentage of the employee’s paycheck and depositing it into the employee retirement plans. (more…)