Class of 2016, Here’s How to Set Up Your First 401(k) – NerdWallet

Class of 2016, Here’s How to Set Up Your First 401(k) – NerdWallet

401… what? No shame if that’s the first thought that comes to mind when presented with this benefit at your first job post-graduation. Its named after a section of the tax code, and the IRS could’ve saved us all a lot of grief by calling it what it is: an employer-sponsored retirement savings account. The beauty of a 401(k) and why you should listen up when you get to this part of your job orientation is that it allows you to send money directly from your paycheck into that investment…

How to Retire With at Least $1,000,000 – NASDAQ.com

How to Retire With at Least $1,000,000 – NASDAQ.com

One day, when I was in my late 20s and starting a job at a major newspaper chain, the treasurer pulled me into his office to explain what Id be missing if I failed to join the companys401k plan something totally foreign to me at the time. The company was matching 50 percent of whatever part of my earnings I was willing to put into the retirement savings program, up to 6 percent of my total pre-tax paycheck with taxes coming out at retirement. Youll need to take a few…