How to Set Up Your 401(k) to Make You Tons of Money
Whether you're just opening your first retirement savings account or you've had one for decades, you need to make sure your 401(k) (or IRA) is set up to bring in as much money as possible. The higher your investment returns are, the less money you'll need to save out of your paycheck in order to have enough money once you retire.
Let's go through the steps of priming your retirement savings for impressive long-term gains.
Sometimes it takes money to make money, and that rule applies to your 401(k) account. Make as much room in your budget for retirement savings as possible, and aim to contribute at least 10% of your income. Ideally, you'll save 15% or more.
Source: Fool.com
