STAMFORD, Conn., Jan. 23, 2019 /PRNewswire/ -- Nominations are now open for the first annual 401(k) Champion Award honoring employees who "love" their 401(k)s, sponsored by Jackson, Grant Investment Advisers, Inc. and founder, Julie Jason. A 401(k) Champion leads by example. He or she is committed to act now to secure a retirement someday in the future.
About the award
Three Champions will receive cash awards of $1,000 each in April based on an essay submitted online. The judges will consider applicants' answers to this question: If you were to advise co-workers on why they should participate in (and/or maximize) their 401(k)s, what would you say?
The award is open to all ages 21 or older who currently participate in their 401(k)s.
The deadline to nominate yourself or someone else is January 31. The deadline to submit your application is March 31. Go to https://tinyurl.com/401kAward for more information.
Why the 401(k)?
According to the American Institute of CPAs, "A 401(k) can be one of your best tools for creating a secure retirement. They provide two key advantages. First, all contributions and earnings to your 401(k) are tax-deferred, meaning you only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account. If your employer does this, try to at least contribute the amount that gets you the maximum match; to do otherwise is to walk away from 'free money.'"
"The best time to invest for retirement is when you are young," said Jason. "The best vehicle is your 401(k). If you don't put these two points together, you lose time, compounding, leverage, and opportunity – and at the end of a career, you can find yourself regretting that you didn't start to save through your 401(k) early enough."
About the sponsors
The award is the initiative of financial literacy proponent, Julie Jason, and her firm, Jackson, Grant Investment Advisers, Inc. (Stamford, Conn.).
Jackson, Grant Investment Advisers, Inc. is an independently owned fiduciary boutique that serves high net worth families ($5 million minimum) as investment counsel. The firm is SEC registered, with offices in Stamford, Conn. www.jacksongrant.us Tel: 203-322-1198
Founder, Julie Jason, JD, LLM, got her start on Wall Street as a lawyer. Through her award-winning columns, books and posts, she shares insights gained from 30 years in money management and law. She writes for audiences of every financial means, promoting investor education and protection through her column (syndicated by King Features), Forbes.com posts, and her books. www.juliejason.com
SOURCE Jackson, Grant Investment Advisers, Inc.