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Why It’s Possible to Retire With Less Than $500,000


Why It’s Possible to Retire With Less Than $500,000


One day when I was in my late 20s and starting a job at a major newspaper chain, the treasurer pulled me into his office to explain what I'd be missing if I failed to join the company's 401(k) plan — something totally foreign to me at the time. The company was matching 50 percent of whatever part of my earnings I was willing to put into Knight Ridder's retirement savings program, up to 6 percent of my total pre-tax paycheck, with taxes coming out at retirement. “There is no better investmen…



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