Even MORE benefits of a 401(k)

Last week we started our series on benefits by talking about the 401(k). This tax advantaged investment account is most people’s best way to save and invest for retirement. But that’s not the whole story! There’s more…

If your employer 401(k) plan offers matching contributions, it’s actual free money. Here’s how it works.

Some people worry about contributing money to something tied to their job. What happens if they leave the job for one reason or another? Not to worry, your 401(k) is yours, no matter what.

Finally, if you’re truly in a bind and need cash you can sometimes borrow from your 401(k) instead of worse options like payday loans or high interest credit card debt. This is NOT a good idea for everyone, or every situation, but it’s good to know the option is there.