Question for the Money Doctors
Question submitted on Oct 20, 2012.
Question
What is a good amount to put aside after one gets paid?Answer
Using a company 401k is the best and easiest way to save for thye long term. When you participate in a company retirement plan, your employer takes the money out of your check typically before taxes, And once you get start, you will not miss the money. It is a great habit to get into. I suggest you shoot to save 10% of each paycheck. Remember though that that money is for retirement and should not be used for any other purpose. Good luck!
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