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.
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A LOZO expert posted this tip. |