ARCHIVED  November 1, 1997

Building healthy nest egg takes planning, will power

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Maximizing your contribution to an employer’s pre-tax retirement plan may be the best way to start building a nest egg for retirement.Generally, financial planners say, that means funding a 401(k) plan at work.
“It’s the pre-tax nature that makes it less painful,´ said Dot Cada, a certified financial planner in Fort Collins. Because of tax savings, an employee who funds a plan at 15 percent is paying out only 10 percent from his or her paycheck, she said.
The higher-paid worker gets a better break on contributions because of pre-tax savings, she said.
Cada recommended automatic debit from a checking…

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Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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