29th May 2013
According to a recent survey, the average American worker spends approximately $2,000 a year eating out for lunch, instead of bringing a brown bag lunch from home.
If you put your lunch money to work in investing, you will significantly expand your retirement savings for the future.
An employee with a $50,000 annual salary could contribute $3,100 (a deferral of 6.2% of salary) into his or her 401(k) account. Over 20 years assuming a 7% return, that contribution would increase to $135,982.
Food for thought.
Dwight Edward Tompkins,
Estate Planning Lawyer,
Orange County, California.