According to Clark Howard -
"... there's a federal program that's been around for years to encourage people to save for the future. Some 10 years ago, Congress passed what's called the Saver's Credit during the Bush administration with the goal of assisting savers who make a decent living but not a huge income.
Here's the deal: If you save $2,000 in a 401(k), IRA, 403(b) or 457 plan, the government will match your money as much as 50 percent, up to a maximum of $1,000. Save less than $2,000 and the government will give you a smaller percentage, either $400 or $200. See a chart that spells out how it works. "
Click on the link above to read the full article. I would suggest this to all of my college age friends and family! Again, that's called FREE MONEY!
No comments:
Post a Comment