Savings Made Simple

Is confusion over asset allocation or investment choices in your 401(k) or 403(b) plan stopping you from participating? Get over it and get started. That’s the conclusion of new research by Putnam Investments (okay, they didn’t quite put it that way), which examined the impact of three factors on retirement savings. As reported in a recent _Yahoo Finance_ article, how much of your salary you contribute matters more than how you allocate your money and how your investments perform. Those factors matter, but contributing as much as possible is the most important factor for building savings.
h3(matt). Matt’s View
p(matt). Are you among the estimated 20 to 30 percent of eligible employees who don’t participate in your organization’s 401(k) or 403(b) plan? If you do participate, are you contributing as much as you could? Even adding another one percent of salary will make a big difference. Call your HR department today to find out when you can join your company’s plan or increase your contributions.

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