Quick Tip: Taking Advantage of Your Job's 401(K) Plan

Posted by Andre Marvray II in CareerMarch 1, 2020(Last Updated December 29, 2022)•1 min read
Key Takeaways
  • If your job offers a 401(K) or retirement fund, these plans are a great way to start investing in your future.
  •  Many 401K plans are pre-tax, which means that the amount you invest is deducted from your pay before taxes are taken out.
Are you ready to make some real money moves?

Many people feel that they don’t have the assets available to invest. However, if your job offers a 401(K) or retirement fund, these plans are a great way to start investing in your future. Many 401K plans are pre-tax, which means that the amount you invest is deducted from your pay before taxes are taken out.

Portfolio Managers manage many plans, so you don’t have to worry about stock-picking and analytics.

If you are not doing so at this time, I encourage you to participate in your job’s 401k or retirement plan. After all, a longer horizon offers a greater opportunity to build wealth.

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2023 CapWay Inc. All Rights Reserved.