The most effective way to ensure you hit your savings target is to put your savings on autopilot by signing up for a 401 (k) or
similar workplace retirement savings plan that automatically deducts money from your paycheck and puts it an investment or savings account before you get a chance to spend it.
Granted, when you're investing in a 401 (k) or
similar workplace retirement plan, your choice of low - cost options could be somewhat limited.
But what about taking money from a 401 (k) or
similar workplace retirement plan that allows employees to borrow from their accounts?
Not exact matches
A
similar shift is possible in the United States, Axsater said, pointing to efforts by states to create state - based
retirement plans for residents without access to
workplace plans.