Everyone needs to save for the day they hope not to work any more to make ends meet. If you are comfortable with your job security and have good savings you could get to in a pinch, investing through your company’s retirement plan is worth considering. Staying on a consistent investment plan through a down stock market can pay off quite nicely when markets recover. If your company offers to match part of what you contribute to the plan, that’s even better!
So check your employer benefits and see what’s available to you. Some companies don’t allow employees to contribute to a retirement plan until they’ve been with the company a while. Some allow you to contribute, but won’t match anything. Or if they do contribute into your account, it’s based on what you invest and you have to be in the plan for awhile (sometimes up to five years) before you can have the company’s share if you leave the company.
If your employer offers a plan, it’s a great benefit for you which is greatly enhanced if they offer a contribution to your account. It’s certainly worth exploring if you can supercharging your retirement savings!