If an employer is unwilling or unable to provide this benefit to their employees there are some other options. You can contribute to an IRA or Roth. The amount you can contribute for either account does have restrictions, one of them is the max you can contribute in a year is $5,500. But that is still better than not doing anything at all. Some companies will match your contribution. If this is the case for you, contribute everything you can…its free money! Listen now for even more tips.
Lorraine also answers, “I’m a recent graduate, how do I start to build my credit?”
If you have more questions, or want to obtain Financial Wellness for Life call Lorraine at Better Money Decisions.
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