It isn’t uncommon for employers to offer health insurance, a 401(k) plan or other perks in addition to an annual salary. While benefit packages may be largely the same regardless of where you work, it is still a good idea to know what a prospective employer could provide.
A 401(k) Match Is Essentially Free Money
If your employer is willing to match your 401(k) contributions, you are getting the equivalent to a 100% return on your investment. The match usually isn’t unlimited i.e. you couldn’t double your entire salary by contributing all of it but whatever the maximum is you should definitely try to take advantage of all of it. Best of all, this money will grow exponentially and tax-free for many years or decades to come. As an employer match can make it easier to retire comfortably, it is important that you understand how it works and how to best take advantage of it.
Health Savings Accounts Can Accrue Interest
Money kept in a health savings account (HSA) could [Read more…] about Great Employment Benefits You Should Look For