When it comes to retirement savings, we’ve all been told that opening a 401(k) is a great place to start. But how does this savings account actually work? We partnered with H&R Block to take the mystery out of your 401(k), so you can feel good about building a strong financial future with every contribution you make to this retirement workhorse.
The sooner you start to save, the more your money has time to grow! Think about it like this: If you’re a 25-year-old earning a $40,000 salary, investing a small fraction of your paycheck now could have big results later. Tap on the green boxes below to learn how a 401(k) savings plan really works.
Building a strong financial future doesn’t have to be complicated. For more than 60 years, H&R Block has been the go-to source for expert financial advice and simple options to help you get more back from your taxes by filing online for free. Learn more about how H&R Block can make your money go further.