I work full time and my company offers 401k matching finds. It’s a benefit a lot of people don’t take advantage of this great retirement strategy. A few of the reasons a person might not take advantage of investing in a 401k including lack of knowledge, belief, or fear.
When I first started with my employer I had no knowledge it was an offer to me – lack of knowledge. After learning about the 401k I still didn’t sign up right away. I was fearful. I wasn’t afraid of free money – I was afraid of the lack the investment would cause in my weekly paycheck. When a person lives paycheck to paycheck it’s often impossible to see beyond that next paycheck.
I had made the determination to change my view and face my fear. I researched my company’s 401k program I invested it and I left it along. Since signing up my small investment has grown substantially, my investment is up 22.18%.