Generally, 401(k) plans are regarded by financial experts as a subpar alternative to the more traditional pension plans. However, one must not hastily disregard the option. A 401(k) plan offers some tax break. Any cash you put into it comes from pre-tax earnings, meaning the government cannot touch it before the money’s invested. This bumps up the value of your contributions by an estimate 30 percent more.

Follow David Milberg here:

[+] davidmilberg.wordpress.com/
[+] davidmilberg.blogspot.com/
[+] linkedin.com/in/davidmilberg