Here's How Much a $2,400 401(k) Match Could Be Worth by Retirement
It's probably a lot more than you'd expect.
Here's How Much a $2,400 401(k) Match Could Be Worth by Retirement
Overview
You make $60,000 per year, and your employer offers a 100% 401(k) match on up to 4% of your salary. Simply put, you contribute $2,400 to your 401(k), and your employer will double it.
It's a nice offer, but if you're struggling to keep up with your other financial expenses, you might wonder whether it's worth locking up thousands of dollars today. That's ultimately a personal decision, but it could pay off in a big way if you can spare the cash.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
