One popular way to prepare financially for retirement is with a 401(k) plan — a type of retirement savings plan where you and your employer can contribute. The employer match can lead to significantly more money when it comes time to retire.
“When you don’t contribute enough to get your full 401(k) match, you’re basically turning down free money, and that missed opportunity compounds in a big way over time,” said Taylor Kovar, certified financial planner (CFP) and CEO of 11 Financial.
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