Part 5/11:
Taking Advantage of Employer-Sponsored Retirement Plans
For those with access to employer-sponsored retirement plans like a 401(k), Graham stresses the importance of participating fully, particularly when employers offer matching contributions. This essentially equates to free money for the employee, which is an unbeatable return on investment.
Whether self-employed or working in a large corporation, significant contributions to retirement accounts should be maximized, as this provides tax benefits and a strategy for long-term financial security.