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Re: My Megacorp retirement plan changes - trends of the future?
Old 05-17-2007, 10:45 PM   #8
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Join Date: Feb 2007
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Quote:
Originally Posted by Texas Proud
They should be telling them that at least put in the 5% to get the matching NOW.... that it will grow quickly... you will only feel pain a short time before you get used to the new number...
Yes, but! When you're first starting outing 1% is an easy way to start the investment, especially if money is tight. It's an easy 'sell' to show someone how little 1% is and then talk to them about increasing it in 1% increments every year. It's how I learned to LBYM. By the third year, I was ready to increase the deduction by more than 1%.

-- Rita
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