Why You Should Max Your 401k

For many years, 401k has been the main plan for retirement savers and inversting on your 401k could be a challenge. Here are our thoughts.

 

[:] People missing out if they are not contributing on their 401k

●     Contriburting to 401k doesn’t mean the money is being invested

●     401k provider normally gives free consulting and make recommendations

 

[:] What if your employer doesn't offer a 401k plan? Any Alternatives?

●     Look at IRAs

●     Take the rough IRAs

 

[:] Takeaways

●     Save for your downpayment

●     Save for your emergency fund

●     Save for your retirement

●     Invest in your 401k as early as possible

●     Contribute to the full amount that your employer will match it