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E.g., 01/20/2021
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  | Financial Decisions

5 things to consider when investing in a 401(k) plan

When you’re a young adult searching for or working in your first full-time job, retirement is likely a distant thought. However, creating good habits early can significantly affect how and when you are able to retire.
If you are contributing to a 401(k) plan, you probably enjoy seeing those savings increase each year. When you change jobs, you may think of that money as a way to pay moving expenses and other costs connected to starting a new position. Or, you may think of the account as a way to save for a house or another large purchase, or to borrow money for your child's education.
You're interviewing for a new job, and you ask whether the company offers a retirement account. The employer says yes, and you move on to other topics. When you accept the job, you enroll in the retirement account and begin making contributions, but later on, you're disappointed by your savings.
Each of us is faced with choices throughout our lives that have significant financial implications. How we navigate decisions such as which college to attend, whether or not to contribute to a 401(k), or the purchase of a home or new car, can impact our financial future.

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