Navigating the Landscape of 401(k) Retirement Plans: Strategies for Maximizing Your Savings
A 401(k) is a tax-advantaged, employer-sponsored plan that permits employees to save and invest for their retirement on a tax-deferred basis. With options like Traditional and Roth 401(k)s, employees can choose a plan that best suits their financial position and tax planning needs. The beauty of a 401(k) is the immediate tax relief on contributions,…