Contributing to your employer’s 401(k) plan: How it works

Contributing to your employer’s 401(k) plan: How it works

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401k

If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great tax and retirement saving deal! These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about contributing to a plan at work, here are some of the advantages.

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Save for retirement by getting the most out of your 401(k) plan

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401k

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg.

Continue Reading: Save for retirement by getting the most out of your 401(k) plan

Maximize your 401(k) plan to save for retirement

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401k

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money.

Continue Reading: Maximize your 401(k) plan to save for retirement