One of the best ways for you to save toward your own retirement and ensure your future security is through an employer-sponsored 401(k) plan. If you don’t participate, you’re missing a golden opportunity to save for retirement while lowering your tax burden on those savings.
Three Tips to Maximize Your Employer Benefits
Your employer benefits can add as much as 30 percent to the value of your salary. And it does add up: consider the value of insurance, retirement plans, other tax-deferred savings plans, employer matches, and other benefits, and you could easily find you have access to many thousands of additional dollars per year.
401k Rollover ? | Retirement Planning
A 401k plan participant leaving an employer typically has four options (and may engage in a combination of these options): Rollover assets to an IRA Roll over the assets to his new employer’s plan, if one is available and rollovers are permitted Leave the money in their former employer’s plan, if permitted or cash out the account value. A rollover …