Maximize your employer "match" for bonus retirement money

Submitted by a LOZO expert
      4.8 Stars


Did you know...?
Add this page to a special LOZO bookmarks section for easy one-click access. Login to save these bookmarks to your LOZO account to access from anywhere, otherwise they will be saved on this computer only.
Login now
Save on this computer
Check with your HR/benefits department to see if your employer offers a 401(k) match program where they add onto your retirement savings. If they do, think of it like a free money bonus for your retirement and try to maximize that match (i.e., put in as much as they will match for you). It's almost like getting a raise each year, just consider that that money will be tied up until retirement, otherwise you will pay a penalty to withdraw early, negating any extra benefit up front.

A LOZO expert posted this tip.

User Comments