Making Cents
Viewing entries tagged with 'dollar cost averaging'
Don't Miss the Match!
Don't Miss the Match!
Are you taking full advantage of your company’s 401(k)?
The 401(k) plan is one of the most widely-utilized wealth creation tools offered Americans. These retirement savings plans have several advantages, including dollar cost averaging, tax savings and tax deferral. However, one of the most powerful advantages is the company match. If your company offers a match, are you making the most of it?
Not taking advantage of the company match is like passing up “free money”. Most rational people don’t walk past a $5 bill on the ground without picking it up, but that’s what people do every day when they don’t contribute enough to their 401(k) to get the full company match. A full one-third of employees don’t take advantage of this feature, and it may make their retirement less comfortable.(source)
THE DCA Way
THE DCA WAY
Dollar cost averaging offers you a way to invest
consistently and a chance to exploit some great buys.
Are you investing inconsistently … or not at all? Inconsistent investment can sabotage your retirement savings efforts. There’s a way to avoid that problem: a strategy called Dollar Cost Averaging (DCA).
By investing equal dollar amounts on a regular monthly basis, you can plan to build wealth in a way you can afford today.



