We have already discussed the path to future financial independence involves starting to save early. The first action is to invest in a company 401(k) or 403(b) plan up to the point of the match. I’ve explained this process already…
So you are already on either Facebook, MySpace, or Friendster (or multiple). These social networking sites have helped you share your interests, pictures, videos, and events with friends (and lets admit it, people you hardly know too!). You’ve stayed up to date with the ongoing lives of the people you have connected to and even stalked a few.
Now What?
Many companies offer a 401(k) or 403(b) plan as a benefit to their employees. For those who are familiar with 401(k) plans as being a retirement savings plans, a 403(b) is a similar plan offered to employees of educational institutions and non-profit organizations. Both have the benefit of deferring taxes until withdrawal.
