 Quote:
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Originally Posted by Gotadimple
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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Sure, I know that... but telling the whole group is a cop out IMO... and the people will think that they will have a retirement stash when they are old, but will not...
You 'sell' the 5% because of the match... you sell that the 100% match is something you can not give up.. and if that is too much then drop it down to 4%... at the END, you say "DO SOMETHING"... even 1% is better than none... but that is the plea for them to start... YOU SELL 5%.. you accept 1% if the person is an idiot..
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