In this episode of Murphy on Money Michael discussed some articles he read about retirement savings. A couple facts Michael read were that only 1/3rd of Americans are saving for retirement and only 44% of workers with access to a 401(K) are actually making contributions. Michael dives into saving for retirement and why it's so important. Lastly, he tells a story about someone that puts money into their retirement account regularly and why shows how saving into a 401(K) and sacrificing just $10 dollars can result in $1Million in just 34 years!
Read the post at: https://www.murphyonmoney.com/retirement-savings-1000000-on-10-a-day/
Let's take action and start stashing away that $10 a day!!!!
Do you have access to a 401K or 403B and want to get started saving and investing? Learn how to setup your account by getting the Retirement Setup Guide. Find out more here: https://www.retirementsetupguide.com
I hope you enjoy this one! Thanks for listening!