The Smart Move: Should You Add Your Bonus to Your 401k?
<p>Receiving a bonus is always exciting, but what should you do with the extra money? One option is to add it to your 401k, which can be a smart move for your long-term financial health. But, before you make a decision, it’s important to consider the pros and cons.</p>
<p>One of the main benefits of adding your bonus to your 401k is that it increases your savings for retirement. By contributing more money to your 401k, you’re able to take advantage of compound interest and potentially retire with more money. Additionally, many employers offer a match for 401k contributions, which can help you save even more for retirement.</p>
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