How can you prioritize your finances

Reference no: EM133204894

Question: Your retirement security depends on your accounts and the nest egg you build with them. Simpson (2021) tells us that people are increasingly on their own when it comes to providing for their retirement. "Traditional pensions, handled totally by one's company, are all but unheard of outside of the civil service or heavily unionized industries today... so, when it comes to employer-sponsored plans, like 401(k)s, it is vital for workers, savers, and investors to make the most they can out of them." I say that you must not pass up on investing in your employer's 401(k) or 403(b) retirement plans, even if you cannot afford to pay your bills. Why would I suggest this? If you agree, how can you prioritize your finances to ensure you always continue to invest in your employer's retirement plans?

Reference no: EM133204894

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