There aren’t a lot of things out there that can guarantee you a 100% rate of return on your investment. That’s why when one stares you in the face, you need to get on it and take advantage of it immediately.
What is this amazing wealth creation vehicle? Why, it’s the company match, the retirement plan perk many employees get that gives you a 100% matching contribution for every dollar you put into your retirement account, usually up to 6%.
But the surprising thing is, only about 3 out of 4 people (74%) do so:
“One in four retirement plan participants misses out on some or all of the match, costing themselves an average $1,336 annually.”
The other 25% don’t take advantage of it, according to a recent study, and part of it is because these people don’t receive financial advice. Those who receive financial advice are more likely to take advantage of this free money (85%).
For more details, check out this article.
(Posted May 13, 2015)
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Rainier Trinidad, CFA
San Diego and Coronado’s Fiduciary Financial Advisor
Parabolic Asset Management
206 J Avenue
Coronado, CA 92118
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