Wise-Wallet

Question 10

Employer matching in retirement plans is commonly called “free money” because it immediately increases your savings on matched contributions. Capture the match before other non-essential moves.

When should you prioritize contributing to get an employer match?

Did You Also Know...

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Roth IRAs are funded with after-tax dollars so qualified withdrawals are tax-free, while traditional IRAs offer tax-deferred contributions.

Never — employer match is a marketing trick.Generally as an early priority, at least enough to get the full match.Only after maxing out taxable accounts.Only if you plan to retire within a year.