Wednesday, March 16, 2016

Money Mag: A College Administrator Reveals How Her Diligent Saving Has Paid Off

Nice profile of a college administrator by Money Magazine.

"At Fordham, she participated in the school’s mandatory 403(b), a retirement plan commonly available at nonprofit organizations and state and local governments. Her salary was soon double what it was just ten years earlier. But that wasn’t the sweetest part of her new gig.


She contributed the school-designated maximum 5% of her salary to her 403(b), which was matched by Fordham dollar-for-dollar. The school later raised its contribution to 11%, thus enabling her to save 16% of her salary in a low-cost, tax-advantaged fund."
Click to read the full article: A Mighty Saver Reaps Her Rewards
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