HOME BUSINESS STEP-BY-STEP GUIDES  ||  WORK AT HOME IDEAS  ||  BIZ OPPS  ||   ARTICLES  ||  CLASSIFIEDS   ||  MESSAGE BOARDS
WAHM Directory  ||  Promote Your Business ||  Links  ||  Freebies  ||  Kid Stuff  ||  Recipes  ||  Work at Home Blog  ||  Contact  ||  Advertise
  TOP 20 WORK AT HOME JOBS IN YOUR CITY  ||  WORK AT HOME JOB SEARCH  ||  OUR SITES  ||  PRINTABLES   ||  BIZ TOOLS   ||  ABOUT 

Compound and Grow Your Employer Matching Retirement Plan Detroit Lakes MN

If your employer offers a matching contribution to your retirement plan, the cardinal rule is: contribute whatever the employer is willing to match even if it is only a percentage of your contribution and not a dollar for dollar match.

Kevin M Mann, CFP®
(218) 844-9109
613 Hwy 10 East
Detroit Lakes, MN
Firm
Mann Financial Inc
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Retirement Planning

Data Provided by:
Wells Fargo - Detroit Lakes
(218) 847-1361
211 Holmes St W
Detroit Lakes, MN
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 08:00 AM-01:00 PM
Sun Closed

Jerry Wade
Wade Financial Group Inc.
(763) 797-9577
5500 Wayzata Blvd
Minneapolis, MN
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Helping Clients Identify & Achieve Goals, Advising Employee Benefit Plan Participants, Planning Concerns for Corporate Executives, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CFS

Tiffany Brynteson
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CRPC

Roger Kruse
FFP Wealth Management
(763) 231-2760
11375 Robinson Drive Suite 210
Minneapolis, MN
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

Mr. Gary B. Lage, CFP®
(218) 863-3070
PO Box 647
Pelican Rapids, MN
Firm
Retirement Advisory Services, Inc.

Data Provided by:
Wells Fargo - Pelican Rapids
(218) 863-5050
11 S Broadway
Pelican Rapids, MN
Type
Branch
Office Hours
Mon-Fri 08:00 AM-05:30 PM
Sat 09:00 AM-12:00 PM
Sun Closed

Steven Zimmerman
Mindful Asset Planning
(952) 432-4666
14530 Pennock Avenue
Apple Valley, MN
Expertises
Retirement Planning & Distribution Rules, Financial Psychology/Coaching, Ongoing Investment Management, Planning Concerns for Corporate Executives, Planning Issues for Business Owners, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

Jon Govin
Summit Wealth Advocates, LLC
(763) 712-5879
227 East River Parkway
Champlin, MN
Expertises
Ongoing Investment Management, College/Education Planning, Advising Employee Benefit Plan Participants, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA, PFS

Janet Stanzak
Financial Empowerment, LLC
(952) 646-0026
450 American Blvd. West
Bloomington, MN
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Planning Issues for Business Owners, Women's Financial Planning Issues, Tax Planning, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MS

Data Provided by:

Compound and Grow Your Employer Matching Retirement Plan

Provided By: 

Frugal Living

Saving for Retirement: Compound and Grow Your Employer Matching Retirement Plan
By James Lange 
Email Email
Jun 13, 2007, 16:20

   

If your employer offers a matching contribution to your retirement plan, the cardinal rule is: contribute whatever the employer is willing to match even if it is only a percentage of your contribution and not a dollar for dollar match.

Imagine depositing $1,000 of your money into the bank, but instead of getting a crummy toaster, you receive an extra $1,000 to go along with your deposit. To add to the fun, imagine getting a tax deduction for your deposit and not having to pay tax on your gift. Furthermore, both your $1,000 and the gift $1,000 grow (it is to be hoped), and you don t have to pay income tax on the interest, dividends, capital gains, or the appreciation until you withdraw the money. When you withdraw the money, you will have to pay taxes, but you will have gained interest, dividends, and appreciation in the meantime. That is what employer matching contributions to retirement plans are all about. If the employer matches the employee contribution, it offers a 100% return on the investment in one day (assuming no early withdrawal penalties apply and the matched funds are fully vested).

Over the years, I have heard hundreds of excuses for not taking advantage of an employer-matching plan. All those reasons can be summarized in two words: ignorance and neglect. If you didn t know that before, you know now. If you are not currently taking advantage of your employer-matching plan, run don t walk to your plan administrator and begin the paperwork to take advantage of the employer match. Matching contributions are most commonly found within Section 401k, 403b, and 457 plans. Even if your employer is only willing to make a partial match up to a cap, you should still take advantage of this opportunity. A fairly common agreement is that the employer will contribute 50 cents for every dollar up to the first 6 percent of salary you contribute. Don t grouse that it is not enough or not worth it. You have everything to gain this is free money that will compound and grow and as Einstein said, The most powerful force in the universe is compound interest.

As one of the country s top IRA experts, James Lange has developed tax-savvy retirement and estate plans for over 1400 U.S. citizens with appreciable assets in their IRAs and 401(k) plans. In his book, ...

Click here to read more from Momsnetwork.com

Free Content for Websites   Free Fax Covers   Direct Sales Opportunities   Home Business Profiles   Message Boards
How to Choose a Home Based Business   100 Home Party Games   Work at Home Tips  Guide to Direct Sales Success  
Partners In Success   Free Online Business Card   Webring   Coloring Pages  Crafts   Recipes   Moms Network Blog

©Copyright 1997 - 2011 Moms Network Exchange (MNE) No content from the MNE site can be used without written permission.
Fines will be issued to those who use content, images, html, and other properties of this site without written permission.
Moms Network  P.O. Box 238  Rosemount, MN  55068 (phone) 651-423-4036  (fax) 651-322-1702
Contents © Moms Network | Privacy Policy

 There are currently 5 visitors online.