Bad news first: Across the U.S., Morningstar's model predicts about 45% of households will run short of money in retirement.Luckily, a few key behaviors are likely to get you among the prepared 55%, with one sticking out in particular: investing in a
For one, you're taking advantage of a matching contribution if your employer offers one. Financial planners tend to call these contributions"," but you can also think of them as a return on your investment. If your employer matches your contribution up to, say, 6% of your salary, by contributing that 6%, you theoretically earn a 100% return on that investment.
More importantly, every dollar you take from your long-term portfolio is money that doesn't get to grow at a compounding rate.
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