Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

Golden Eggs with the Word 401(k)

News

Great News! The Match Is Back!

Aaron Levitt Aug 31, 2017


One of the best inventions to help Americans save for their retirement has been the 401(k) plan.

The plan, which was created using a trick in the tax code, allows the average Joe to save plenty of pre-tax money at their places of employment for their golden years. And thanks to its tax-deferred nature, the 401(k) plan has become the preferred method for many retirement savers.

But 401(k)s have an added bonus that can be used to supercharge savings. I’m talking about the employer match.

And the best part is that the match is coming back in a big way. For retirement savers, this could be the best news since its creation in the first place.

A Big Drop During the Recession

Part of what makes a 401(k) a great savings option for investors is the fact that many companies will match a portion of your savings. For example, if you contribute $1 to the plan, a firm may tack on 50 cents extra. Companies get a nice tax break for their efforts, while you and I get free money to fund our retirements. And that free money is one of the reasons why 401(k)s are one of the best retirement savings vehicles around.

To read the Full Story, Go Premium or Log in

Popular Articles