It's No April Fool's Joke: Use That 401(K) Plan

Summary


To commemorate April Fool's Day, I thought I'd write about wise and foolish use of the company 401(k) or 403(b) plan. The Financial Plan Association (FPA) recommends that people with access to a 401(k) plan review their use of it each year - and this is as good a day as any.

These employer-sponsored savings plans, which offer tax advantages and possibly employer matches to participants, are an important tool for retirement savings.

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It's No April Fool's Joke: Use That 401(K) Plan

What is the wise use of these plans? The FPA offers a 10-item checklist which participants should try to follow.

1. Do...

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