YOU CONTRIBUTE MORE THAN THE DEFAULT TO RETIREMENT
Your pension will likely come with a default contribution amount – say, 4%. While putting that 4% into a 401(k) or IRA is a great start, you can easily increase that amount to great effect, especially if your employer has a matching program.
According to Business Insider’s Lauren Lyons Cole, who is a financial planner, investing through a retirement account means you save money on taxes, while making sure your financial future is more secure. Instead of coasting by on the default, try maxing out your 401(k) and IRA.