Saving for retirement is important! Many people use a 401(k) plan to do this. Sometimes your employer adds extra money to your 401(k) – that's called a match. But even without a match, a 401(k) can still help you save.
- A 401(k) lets you save money for retirement.
- Your money grows without being taxed until you retire.
- It's easy to automatically put money aside each paycheck.
| Feature | Details |
|---|---|
| Employer Match | Extra money your employer adds (not always available) |
| 2025 Contribution Limit (Employee) | $23,500 |
| 2025 Total Contribution Limit (Employee + Employer) | $70,000 |
