A 401(k) plan is one of the most convenient ways to save for retirement – and a common perk is an employer match of your contributions. This match is part of your total compensation and one of the easiest ways to grow your savings. Learn how 401(k) matching works: https://www.empower.com/the-currency/work/how-does-401k-matching-work | Empower
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❌💰 Don’t make this common mistake with 401ks! ❌💰 Most companies use a “vesting schedule” when matching 401ks meaning you have to work at the company for a certain period of time before getting your 401k match in full. This system is designed to keep employee retention (aka keep you from quitting) 😅 Each company is going to have a different vesting schedule, so be sure to inquire with HR to know your companies policies. 🏦 #greenscreen #careradvice #401k #401kplan #investing #personaldevelopme
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