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Compound and Grow Your Employer Matching Retirement Plan Oshkosh WI

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.

Mr. James R. Stahl, CFP®
(920) 235-0590
520 N Koeller St
Oshkosh, WI
Firm
Schenck SC
Areas of Specialization
Accounting, Business Succession Planning, Charitable Giving, Divorce Issues, Education Planning, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ross A. Mueller, CFP®
(920) 230-3054
2900 Universal Street
Oshkosh, WI
Firm
LPL Financial
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Brent A. Antti, CFP®
(920) 426-3376
2331 Enterprise Dr.
Oshkosh, WI
Firm
Ameriprise Finanacial

Data Provided by:
Mr. Bryan Drager, CFP®
(920) 426-3376
2331 Enterprise Dr
Oshkosh, WI
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Management, Retirement Income Management

Data Provided by:
Mr. Michael L. Scott, CFP®
(920) 236-6587
222 Ohio St
Oshkosh, WI
Firm
Independence Financial, LLC
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning

Data Provided by:
Mr. John M. Schorse, CFP®
(920) 426-2557
2375 State Road 44 Ste B
Oshkosh, WI

Data Provided by:
Mr. Roy A. Duxstad, CFP®
(920) 233-4650
1918 S Washburn St
Oshkosh, WI
Firm
Duxstad Fletcher Wealth Planni
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Retirement Income Management, Tax Planning, Wealth Management
Key Considerations
Profession: Not Applicable

Data Provided by:
Ms. Mary P. Wiedenmeier, CFP®
(920) 230-6898
2391 Enterprise Dr
Oshkosh, WI
Firm
LPL Financial Services
Areas of Specialization
Estate Planning, General Financial Planning, Insurance Planning, Investment Management, LGBT Individuals and Couples, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mrs. Cassandra Nf Dorn, CFP®
(920) 230-6898
2391 Enterprise Dr
Oshkosh, WI
Firm
Provident Financial Consultants
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Investment Planning

Data Provided by:
Mr. Thomas A. Casiana, CFP®
(920) 582-0171
5171 N Harbour Dr
Winneconne, WI
Firm
TAC Services
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
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, ...

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