Think pennies, save more: A simple shift that can enhance your retirement savings

There are two ways to contribute to Washington’s Deferred Compensation Program (DCP). You can choose to invest a set dollar amount every month, or you can opt to invest a percentage of your gross pay. 

One way to make sure you’re investing a smart amount is to think of your savings as a pennies-on-the-dollar amount rather than a percentage. If you’re saving 10% of your income, that’s 10 pennies for every dollar earned. Find out how this approach works. 

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