When you’re young, it’s really hard to think about what’s going to happen 20, 30, 40, or 50 years from now. What is the world going to look like at that time? Will you be able to retire? What will your health status be at that point?
But while we can’t predict the future with any measure of certainty, we can prepare for it by using the tools we have available. One such way to ensure that each of us and our families have secure financial futures is to invest in a 401 k account.
The Fear Surrounding 401 k Investments
As was hinted at in the introduction, the fear surrounding the future is at an all-time high for many people. As a result, some people will simply throw up their hands and decide that it isn’t worth it to save for retirement. They believe that the money they divert towards a 401 k fund will negatively impact their paychecks and that they may not even be able to save enough to make a difference in the future.
But this is far from the truth. By simply increasing the amount of money diverted from your paycheck to a 401k account by a few percentage points, you can save tons of money. Best of all, it barely effects your paycheck in the short-term by any measurable degree.
Paycheck Calculator Tool from Ubiquity
Ubiquity’s paycheck calculator tool is available to anyone for free. This amazing service allows anyone to determine how much of an impact their 401 k contributions will have on their paychecks.
For instance, if you are currently contributing 2% of your paycheck to your 401 k fund, you can see how much of a difference it will make if you contribute 8% instead. If you’re like most people, you’ll be completely amazed by how little this affects your paycheck and how much this helps you in your retirement planning.
The Future Will Be Here Before You Know It
Depending on what stage of life you are currently in, retirement may not even be something you’ve ever thought about. After all, if you’ve just started working, you are probably more concerned about buying a house, starting a family, and finding a way to enjoy what little free time you have
It’s completely understandable if you feel this way. However, you should take the necessary steps to plan for your retirement. It doesn’t take much time or energy to start a retirement plan and the funds can be withdrawn automatically so that you don’t have to give it a second thought
If you’re planning to retire in 30 or 40 years, you might assume that you’ll be able to think about retirement when the time gets closer. But with every year that passes, the amount you can save gets smaller and smaller.
Don’t miss out on great retirement savings just because you’re too busy right now. Take a few minutes and use the easy, free tools available through Ubiquity’s website to see how much you can save in your later years. Don’t wait, try the paycheck calculator tool now!