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...you don't need to be party to a SMarT program to reap such benefits -- you can do it yourself. Whenever you get a raise, increase the contribution rate to your retirement accounts. However -- and this is where the behavioral economics comes in -- you have to remember to do this, and you have to actually do it.

Exactly.

When I was working and the IRA started (way back!), I did just that! Started with a meager 2 percent but jacked it up another percent or two each raise time and never felt the change!

Young people today are SO lucky to HAVE the 401k option!!! Use it -- especially up to the percentage the employer matches it, if any! If you don't, it's like tossing away free money!

Vermonter
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