3. Savings on Steroids: Use a 401(k) and an IRA
If you are like a lot of people, when you hear the word "saving," the image of some sort of miser shoots into your head—maybe a pale, humorless guy hunched over a table, painstakingly ticking off numbers on a detailed budget with a pointy pencil...or maybe a penny-pinching parent or relative admonishing you to give up something fun.
You may want to shout: "I'm young, leave me alone! Saving for retirement is for old people—plenty of time for that stuffy behavior later in life."
Repeatedly, as I have written about saving for retirement over the years, people with that miser image in mind have said to me, "If I don't enjoy my youth while I'm young, when will I?"
That may explain why employee benefits ...
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