401k

A 401k is one of the most popular deposit accounts specially designed to save money for retirement. With a 401k, you can set aside a portion of your regular paycheck toward retirement savings, and your contributions aren’t taxable until it comes time to withdraw them.

One of the best ways to take advantage of a 401k is to enroll in an account with automatic payments so your contributions are set aside at regular intervals, which alleviates missed manual payments and transfers. Another perk is the availability of employer-sponsored 401ks: If your workplace offers matching contributions to your account, it’s like getting free money toward your retirement goal.

Learn more about 401ks here on GOBankingRates, where there are always new articles and tips on saving for retirement and making the most out of your finances.

Plan for Your Future

Most Read 401K Articles

10 Big 401k Questions to Ask Your Employer

Learn the key questions to you must ask to protect your nest egg.

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5 Assets That Can Poison Your 401k Fund

Bad investment decisions can sabotage your retirement dreams. Find out how misusing these five assets can reduce returns.

5 Signs of a Sub-Par 401k

If your 401k is loaded with company stock or has high fees, you have a sub-par retirement plan. Learn the warning signs of a bad 401k.

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What to Do With Your 401k When Leaving a Job

If you're leaving a job, you need to know what to do with your 401k.

What’s the Tax Penalty for 401k Early Withdrawal?

Curious to see how much you'll have to pay for withdrawing early from your retirement fund? Find out.

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