Jaspreet Singh: 5 Things You Need To Understand About Your 401(k)

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Jaspreet Singh

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Traditional 401(k) contributions are made before taxes, reducing your taxable income for the year.

They are investments that are tax-deferred until they are eventually withdrawn.

Roth contributions are taxed up front, so they grow as tax-free investments.

This fee that youre paying isnt a one-time fee that you pay today, said Singh.

Many employers offer a match to your contributions, up to a certain percentage of your salary.

Additionally, its good to knowwhat investment fundyour 401(k) in invested in.

This is your beginning to invest fund.

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