Reported 2 months ago
Saving for retirement can be challenging, but one crucial piece of advice for 401(k) owners is to take full advantage of employer-matched contributions. This match can significantly grow over time with compounding interest, potentially resulting in tens of thousands of dollars by retirement. Even if a full match isn't feasible, every contribution counts, and it’s essential to remain proactive in adjusting contributions with any salary increases. If your employer doesn't offer a match, consider alternatives like IRAs for greater investment flexibility and tax advantages.
Source: YAHOO