Take these steps to ensure you're saving for retirement the right way investinyou (In partnership with acorns.)
Match your company's contribution rate or you are leaving free money on the table.No this is not an April Fools' Day joke. It is actually 401 Day, and it marks the beginning ofMaybe you already are invested in a 401 plan but have not paid much attention to it. Or, you have not yet started saving for retirement and have seen coverage about retirement investments lately due to the market volatility amid the coronavirus pandemic.
The name, 401, actually comes from a section of the Internal Revenue Code that permits employers to create a retirement plan in which employees can contribute a portion of their wages on a pretax basis. This section of the code also allows employers to match employees' contributions. Contributions made by employers are essentially free money for employees.
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