Making regular contributions to an employer-sponsored plan can supercharge your journey to financial independence.
But, you already knew that, right?
And, you likely already know about the benefits of "free money" that you could receive from your employer match and how pre-tax contributions to a qualified retirement account like a 401k, 403b or other employer-sponsored account can give your financial independence savings goals a major boost.
But, did you know that there are things you need to do periodically throughout the year besides putting money into your employer-sponsored plan to ensure that your financial independence goals are on the right track?
To be sure, some of you may be asking yourself, "isn't contributing to a 401k, 403b, or other employer-sponsored plan account enough to secure my retirement?
Well, the short answer is: no.
That's because getting money into a retirement account is a crucial first step toward securing your path to financial freedom, but it's not the only step.
Indeed, throughout the year, there are some specific actions that you should take to 1) ensure that you're putting your money to work in the most efficient way possible, 2) that you're not taking more risk than necessary, and 3) that you're not leaving any money on the table.
So then, with the mid-year upon us, there's no better time than the present to log into your employer plan website and follow along as we review key factors that can help or hinder your financial independence goals.
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