It is never too late to start saving money through your 401(k) plan. Why not start with the New Year? In the next four weeks, we will be addressing four different motives to contribute to your 401(k), so stay posted to learn why a 401(k) is a smart idea.
Reason number 1: Your company can help your investment grow. Most companies will contribute a certain amount for every dollar that you contribute up to a certain limit. By contributing the maximum amount, you allow your savings to grow that much faster!
Why not take advantage of this? A match of $.50 for each dollar invested is like getting 50% rate of return on your money contributed to the plan.
Stay posted for the following three weeks for three more great benefits that come with contributing to a 401(k)!