If you don't contribute to your 401(k) plan, you may be missing out on a big wad of cash from your employer.
Most companies that offer these workplace retirement plans will match your contributions up to a certain amount. Depending on your salary and the matching formula used, that could translate into thousands of extra dollars going toward your nest egg every year. And after leaving it there to grow? Your future self would probably thank you.
"It's so important to take every bit of money your company wants to give you," said Kathryn Hauer, a certified financial planner with Wilson David Investment Advisors in Aiken, South Carolina. "Your employer is saying they'll give you money, and to get it, you just need to set aside savings for yourself every year."
Check out this next:
Saving money for retirement
Nerd Wallet's retirement calculator shows what your nest egg needs to be in today's dollars. It takes into account inflation, a 2% salary increase and investment gains. To get an amount, you type in your age, income and savings information.
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"Probably more than I'm saving right now," said Kate Halfwassen. "I really have no idea. A lot of money."
Professor of Economics at Carthage College Yuri Maltsev realizes for the majority, those numbers can seem out of reach.
Research Says You Can Earn Way More Money by Boosting Your Emotional Intelligence.
Emotional Intelligence (EQ) is a strength that can help us in so many different ways. In addition to boosting our mental health and well-being, it is the secret sauce of great leadership .
Daniel Goleman, one of the godfathers of emotional intelligence , has long established it as a key leadership skill for managing personal relationships. In 1998, he penned the classic Harvard Business Review article " What Makes a Leader ," where he made this indisputable statement:
Money in Your Pocket: 2/24/20 | WSYR
(WSYR-TV) -- Find out why many millennials are struggling to buy a starter home on Friday's Money in your Pocket Minute.
Many things are taking place:
Money Driving Debate Over San Diego County's Measure B | KPBS
Above: An artists rendering of the proposed Newland Sierra Town Center in North County is shown in this undated image.
Measure B is the most expensive initiative battle on San Diego County's March ballot with more than $11 million in the fight.
The measure asks county voters to support the construction of a major North County housing development along Interstate 15.
A developer for the Newland Sierra housing project in North County is spending more than $8 million to get voter approval to build just over 2,100 homes, schools, retail space, hiking and bike trails.
Penn got $258 million in foreign money, and there may be more it hadn't disclosed
Chinese banks and real estate firms. Pharmaceutical companies in nearly a dozen countries. Saudi Arabia's Ministry of Defense.
These are among the hundreds of foreign organizations that have made financial gifts or contracted with the University of Pennsylvania between 2013 and the middle of last year, federal records show. The amount of foreign money flowing to Penn during that period comes to $257.9 million, with China giving the most of any country.
White House to ask Congress for more money to fight coronavirus | Fox Business
The Trump administration will ask Congress this week for more money to fight the deadly virus that originated in Wuhan, China , a source familiar with the matter told FOX Business.
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The exact amount of the request to Congress is unknown. The Obama administration requested $4.64 billion for immediate response plus $1.54 billion as a Contingency Fund during the 2014 Ebola outbreak in West Africa.
Last week, high-profile Senate Democrats including Sen. Chuck Schumer and Sen. Dick Durbin sent a letter to Health and Human Services Secretary Alex Azar about the "failure so far to outline what additional resources [the administration] needs to respond to the rapidly developing coronavirus outbreak."
Fintech — The Personal Stories Of The Money Hackers Who Have Changed Finance
Dan Simon has written a book about some of the people who created the technology firms that have been changing finance — Venmo and Braintree, Credit Karma, Lending Club, Kabbage, Yodlee, Mint, Clarity Money, Betterment, Green Dot, WorldRemit, BitInstant, Digital Asset Holdings, Synchrony and Marcus among them.
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His book "The Money Masters — How a Group of Misfits Took on Wall Street and Changed Finance Forever," describes tech companies that have brought new features and new approaches, to finance. Most of the innovations came from outside traditional financial firms, often from people who were different and thought differently, misfits as he calls them affectionately.
Happening on Twitter
We're changing the conversation. This is progress. The latest commentary in @CNBC: https://t.co/pRFtnGd5Kn https://t.co/b6ynSIsjM7 alexisohanian (from Worldwide) Mon Feb 24 02:21:12 +0000 2020
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