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Money: Avoid Money Traps |
| Published: September 4, 2007, 7:01 pm |
| Tags: credit cards, investing, investments, money, retirement |
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Keep your pockets lined with the AARP's guide to avoiding money traps. Not just for the 50+ set, these tips can be applied broadly to all working folk. The AARP simplifies commonly misunderstand financial concepts like the 401K match, variable annuities, investment fees and home equity. Here's a $30 billion mistake: that's how much matching funds Americans miss out on each year because they aren't saving for retirement through their company's 401(k) plan. If your employer matches any part of contributions to a 401(k)—and four out of five plans do—sign up and take full advantage. It's free money on top of a tax break, since what you set aside isn't subject to income tax. Avoid These Money Traps [AARP] [ Full article ] |
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