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Just in case you did not know why you are offered a tax deferred retirement savings plan. Your employer is getting a tax break every year they offer a retirement plan that’s tax deferred and they are offered a tax break if your employer makes a match. They get the tax breaks today but you have to pay for it when you retire. #401k #taxdeferred #uninterruptedcompoundinterest #financialtiktok #learnnonfacebook #financialliteracy #moneytok #taxfree #retirement #retirementsavings #money #wealth #reti
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Just in case you did not know why you are offered a tax deferred retirement savings plan. Your employer is getting a tax break every year they offer a retirement plan that’s tax deferred and they are offered a tax break if your employer makes a match. They get the tax breaks today but you have to pay for it when you retire. #401k #taxdeferred #uninterruptedcompoundinterest #financialtiktok #learnnonfacebook #financialliteracy #moneytok #taxfree #retirement #retirementsavings #money #wealth #reti
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