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Business, 06.07.2021 16:00 mccdp55

Mario knows that, over the long run, it is in his best interest to save at least 10% of his paycheck for retirement. However, each time he receives his weekly paycheck of $1,000, he ends up spending it all and not depositing any into a retirement account. Mario has resolved to contact his employer’s human resources department to set up a 401(k) work-sponsored retirement account where the 10% would be deducted automatically from his paycheck before it is issued to him each week. It is apparent from this information that Mario realized that:

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Mario knows that, over the long run, it is in his best interest to save at least 10% of his paycheck...
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