The Wife Finally Gets A 401K At Work; Our Finances Rejoice.

My wife has been teaching at a private school for years now, and up until recently it was a pretty small place. They had about 35 students and 3 teachers until about 6 months ago when they expanded to 70 students and 7 teachers. Since they are getting bigger and bigger, her boss decided it was time to offer something to her teachers for working there and it came in the form of a raise and enrollment in a 401K. Her boss is going to match 4% her pay, which is pretty good for such a small company. And even though we invest in Roth IRA’s and mutual funds, we will take free money any day of the week!

I guess the reason that I wrote this quick post is that just because you have a small business, it doesn’t mean you cannot offer your employees retirement options. I worked for a very small (try 4 people) company for 4 years and not once was I offered any retirement options or anything else. I got cost of living raises every year. And that is a big reason why I left…so if you run a business, look into taking care of your employees, it means a lot to them.

You might also like:

1. If You Could Pick Your Benefits At Work, What Would You Pick?
2. Layoffs At Your Company? More Work For Same Pay, But It’s Not Necessarily A Bad Thing.
3. UK Government Promoting More Work/Life Balance.
4. Should You Start A Business During The Recession?
5. Cut Spending By Looking At Hours Of Work Put In To Pay For Stuff.

1. Will Your Retirement Nest Egg Be "Puny"?
2. Reduce Operating Costs, Gain efficiency, and Compete Effectively with VoIP
3. Ditch that Cable Bill Forever