Day: May 8, 2014

This post has 3 parts. Part 1, I explain what a 401(k) is. Part 2, I explain how you contribute to a 401(k). Part 3, I explain why you should contribute to a 401(k).

Part 1. What the heck is a 401(k)

A 401(k) is a retirement savings account sponsored by employers. In order to contribute to a 401(k), you need to be employed.

 

Continue reading What is a 401(k) and why you should contribute to it