Controlling Your Costs: Tips for building your retirement

CHARLOTTE — Retirement is not a one-size-fits-all plan.

It seems more people tend to focus on paying off debts before retirement even crosses their minds.

Investing your money in your company’s 401(k) early allows it time to grow. For example, someone who begins investing $100 each month at age 20 will have hundreds of thousands more than someone who starts investing at age 50.

WSB Correspondent Clark Howard explains how to invest in your company’s 401K program properly.

>>>In the video above, Clark Howard demonstrates how investing early can pay off big later.

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