Retirement Planning Secrets Financial Experts Won't Tell You
Maximizing Your 401(k) Contributions
One of the most effective ways to build your retirement fund is by maximizing contributions to your 401(k) plan. Many employers offer matching contributions, which is essentially free money added to your retirement savings. For example, if your employer matches 50% of your contributions up to 6% of your salary, contributing at least that amount ensures you receive the full match2. This not only boosts your savings but also reduces your taxable income, offering immediate tax benefits.