Everything You’ve Ever Wanted To Know About 401(k) Plans
- By
Jazmine Denise
Source: Marco VDM / Getty
Some employers will match your contributions, which means “free” money
“The extra special advantage about it though is that many employers actually match some of the money that you put in. So if you contribute to say, four percent, they might throw in another three or four percent of your salary for free,” said James. “And so it’s a, it’s a great way to, to help roll up that money, especially if your employer is helping you on top of it.”
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