Making Cents
Viewing entries tagged with '401k match'
Don't Miss the Match!
Don't Miss the Match!
Are you taking full advantage of your company’s 401(k)?
The 401(k) plan is one of the most widely-utilized wealth creation tools offered Americans. These retirement savings plans have several advantages, including dollar cost averaging, tax savings and tax deferral. However, one of the most powerful advantages is the company match. If your company offers a match, are you making the most of it?
Not taking advantage of the company match is like passing up “free money”. Most rational people don’t walk past a $5 bill on the ground without picking it up, but that’s what people do every day when they don’t contribute enough to their 401(k) to get the full company match. A full one-third of employees don’t take advantage of this feature, and it may make their retirement less comfortable.(source)



