By : Lizzie Weakley
Retirement on your mind? If you plan on leaving the workforce at a decent age, then you should start retirement planning now. There are several important reasons why you should have a retirement plan.
A retirement plan lets you roll with the punches a little bit easier. When an emergency or unforeseen event occurs, a retirement plan can offer the financial stability you need. For example, if you suddenly decide to buy a new home or your child has a financial crisis, you will be able to spare up-front cash.
2. Employee Matching Equals More Money
If your employer offers price matching for retirement plan contributions, you need to capitalize on the opportunity to earn free money. You can easily double your retirement contributions using employer matching, which leads to more money in your retirement account when you need it.