Making the Most of Your 401k
A 401k is a great way to save for retirement. There are tax benefits, several investment options, convenience, and if your company matches your contribution, you’re getting the impossible: free money. That’s why more and more workers are investing in a 401k. The problem, however, is that many workers are not getting the most out of their 401k’s because they don’t fully understand how it works and are unclear about their investment options. Consequently, they run the risk of ending up with a nest egg that doesn’t meet their retirement needs. Therefore, before you invest in a 401k, here are some things to consider:
