Smart financial advice…

15 04 2014

“The safe way to double your money is to fold it over once and put it in your pocket.” ~Kin Hubbard

There was a good story on NPR that mentioned that over 30% of retired women have a small Social Security payment as their only source of income – and they’re not living well in their golden years.  With the uncertainty that some of our younger staff will even HAVE Social Security, it’s up to us as leaders to persuade them to put take advantage of company matching funds towards retirement.  What other investment out there guarantees doubling of your money  (i.e. 100% immediate interest rate) due to the matching policy? Then, if invested well, you’ll get that compound interest for all of the years that you have between investing and retirements.

Leaders can help the line staff understand the benefit of having a little less money now, in exchange for a much more comfortable life at retirement. Be sure that you’re leading by example, by doing the same.

Speaking of pockets…

pick

Rubes cartoons used with permission. www.rubescartoons.com

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