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Is a 401(k) worth it?

401 (k)s have pros and cons compared to other retirement accounts, though they generally provide great savings benefits. But is a 401 (k) worth it for you?

Is a 401(k) a good retirement plan?

The 401 (k) is one of the most popular retirement plans for good reason. It offers a way to save for the future and receive tax benefits — both lowering current taxable income and deferring taxes on investment gains — for doing so.

How do I pick investments in my 401(k)?

Here’s how to pick investments in your 401 (k), including several key things to pay special attention to. A 401 (k) plan typically offers at least 10 or more investment funds, though some plans may offer a few dozen choices, including target-date funds. How do you choose among these options?

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