A Dollar Saved Isn’t the Same as a Dollar Earned
Getting your savings rate to your goal, or increasing it even further, can feel daunting. If you are just getting by on your take home pay now, there’s no way you could afford to save more… right? Well, if you’re saving through paycheck withholding into a pre-tax/tax deductible account (like a traditional IRA, 403b, 457, and most 401(k) plans), the extra savings might not hit your budget as hard as you would expect.
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