Here's the Secret to Saving Over $450,000 for Retirement in Your 401(k)
In the early years of 401(k) saving, reaching a six-figure balance can feel impossible. You see the money deducted from your pay, and with little momentum in your retirement account balance, you might naturally wonder if all that saving is worth it.
Rest assured, you will see the value of those contributions eventually. But you don't have to take my word for it -- compelling data from a new retirement study sheds light on an easy secret to building a big balance in your 401(k).
That study, published by 401(k) plan administrator Fidelity, analyzes balances and trends across more than 35 million tax-advantaged retirement accounts.
Source Fool.com
