Maximizing Your 401(k): Tips for Long-Term Growth

Boost Your Retirement Savings

A 401(k) is a powerful tool for retirement. Maximize it with these tips.

Get the Employer Match

Contribute at least enough to earn the full match—it’s free money.

Choose Low-Cost Funds

Opt for index funds with expense ratios below 0.1% to keep more of your returns.

Increase Contributions Annually

Boost your contribution rate by 1% each year to grow your savings.

Avoid Early Withdrawals

Withdrawing funds early incurs taxes and penalties, derailing your goals.

With smart choices, your 401(k) can grow significantly over time.