Reported 11 months ago
Contributing to your 401(k) can lead to satisfying balance growth over time, but what happens when contributions stop? The growth of your account will depend on the money in it and market performance. Learn how to estimate future performance and consider seeking advice from a financial advisor for retirement planning. A 401(k) is an employer-sponsored retirement account offering tax benefits, with traditional and Roth options. It mainly grows from contributions and employer matches, with investments influencing growth post-contribution cessation. Factors such as interest, earnings, market performance, and compounded growth impact growth post-contributions.
Source: YAHOO