What is a 401(k) match and why is it so important?

A 401(k) employer match is when your employer contributes a certain percentage or amount to your 401(k) retirement account based on your own contributions. It's essentially free money provided by your employer and can significantly boost your retirement savings. By not taking advantage of the match, you're missing out on additional funds and potential growth. The employer match offers immediate returns on your investment and enhances the growth of your retirement fund. It also allows you to benefit from tax advantages and build a more secure future. Maximize the employer match to make the most of this valuable opportunity and increase your long-term savings.