It's never too early to start thinking about retirement, especially if you can easily start seeing savings using the the right techniques. By starting to contribute to your company's 401(k) plan early and correctly, you can wind up with thousands of extra dollars in your retirement fund. Here are five tips for getting the most out of your 401(k) for a scure financial future.
TAKE THE FREE MONEY
Given the benefits of compounding, even a young guy on a starting salary should try to divert 10% of his paycheck to his 401(k). But if you can’t swing that, the absolute minimum should be whatever it takes to get your full company match.