Words from Eden

Archive for the ‘Enroll’ Category

If you are getting your first job or if you are now starting the journey to save for retirement, a 401k plan is a great place to start. A 401k plan is a retirement savings program. They are employer sponsored. For that reason, you need to work for a company that has an available plan. If that plan is available, what is the next step?

You may not have to do anything. Some companies automatically make 401k plans a part of their compensation program. This means that you may automatically be enrolled in a program. Since this is rare, it is best to ask. Even if your enrollment is automatic, it is still up to you to determine your contributions.