Confused About your 401(k) Plan?
<p>That’s right, it’s a <em>retirement</em> account.</p>
<p>If you’re in your 20’s or 30’s, the word “retirement” seems so farfetched.</p>
<p>You’re probably wondering what the point is of putting your hard-earned money into an account that you’re told you can’t even touch right now until you’re in your 60's.</p>
<p><em>There’s benefits</em>.</p>
<p>One is <strong>compound interest</strong>, where your money has the opportunity to multiply and grow over time compared to it just sitting in a bank account.</p>
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