Sunday, April 25, 2010

401(k)

Are you missing out on your company's best benefits?

Many people are. If your employer offers a 401(k) retirement plan, and you are not taking advantage of it, it's time to pay attention. 401(k)s are tax-deferred savings plans, and many, if not most employers put a matching amount into your accunt for you. You may even qualify for a saver's credit on your tax return, meaning that the IRS may refund up to 50% of your contribution at tax time.