A 401K retirement account contribution match is free money.
Some employers will partially or fully match employees' 401K contribution up to a specified cap amount. For example, an employer might match up to 50% or 100% of an employee's contribution up to 6% of the employee's salary. Effectively, the employee is immediately getting a guaranteed 50% or 100% gain on their contribution. A different, but similar perspective, is that the match is an immediate 3 to 6% raise.
IMHO, an employer match is a feature that should be used in retirement planning whenever it is available. Doing so is a smart practice of personal finance.
This is not financial nor retirement contribution advice. Please consult a professional advisor.
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