Starting to work? You'll want to celebrate 401(k) Day today and every year from now on!

Starting to work? You'll want to celebrate 401(k) Day today and every year from now on!

by Julie Jason on Sep 7, 2018

401k, Retirement

Today (September 7, 2018) is National 401(k) Day, a day dedicated specifically to retirement education -- and if you are just starting your career, this day will be very special for you every year.

Each year, National 401(k) Day lands on the Friday after Labor Day—to play off the idea of starting the week with Labor Day and ending the week with Retirement—and it’s a perfect time to focus on the future.

The beginning years of a working career are critical in putting the compounding effect into motion. Compounding is the math behind creating retirement wealth.

By starting your 401(k) contributions now (and reviewing them each year on 401(k) Day), you will avoid the inevitable regret that retirees feel when they wished they had saved more than they spent in their youthful years.

Look for my column on this topic in a newspaper near you. If your paper does not carry the column, ask your local editor to contact King Features.