Retirement Planning Lessons
Lesson 1: Compound Interest
Compound interest allows your savings to grow exponentially over time by earning interest on both the principal and accumulated interest. Starting early maximizes this effect.
Lesson 2: 401(k) Plans
A 401(k) is an employer-sponsored retirement plan where contributions are made pre-tax, reducing taxable income. Many employers match contributions, boosting savings.
Retirement Planning Quiz
1. What is the primary benefit of compound interest?
2. What is a key feature of a 401(k) plan?
Retirement Savings Calculator
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