Time To Ramp Up Your Retirement Savings

Posted in Personal Finance by RateRunner
February 19, 2010 08:15 AM - 0 Comments

With the recession over and CD rates at record lows, this seems like the right time to divert more savings into a 401(k) plan.

This seems like the right time to divert more savings into a 401(k) plan.

If you haven’t been laid off by now, you probably won’t be. So you can risk tying-up more money in long-term savings.

And you’ll probably save more on your taxes than you can earn from the record low returns on CDs or money market accounts.

Putting even a little more into your 401(k) plan can also make a big difference in your net worth.

(5 votes, average: 4.20 out of 5)

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