IN THIS EPISODE, THE ANNUITY MAN AND TED BENNA DISCUSS:
From spender to saver
Getting more money in the long run
Employees should care about employees
Investing faster in your retirement
KEY TAKEAWAYS:
The biggest help that 401k’s have provided is that they converted employees from being spenders into savers.
A 401k plan enables an employee to essentially get more money in the long run and have more resources to use when they retire.
Because of the 401k, employers are now forced to care for their employees. They have to have some plans that benefit an employee’s future to stay competitive in the market.
When you’re building a nest egg for retirement, it’s better to do it faster rather than slower. If you’re saving pre-tax, you’ll be able to invest more money into your future rather than doing it after tax.
“The biggest benefit of it [401k] is that it has actually helped convert spenders into savers – most employees would not do this if they had to do it on their own… enables them into becoming successful savers” — Ted Benna
CONNECT WITH TED BENNA:
Website: http://benna401k.com/
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