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How to Become a Millionaire: Take Advantage of the 401(k) Match

Taking full advantage of your employer’s 401(k) match can be one of the best strategies to save for retirement. In a study of 401(k) millionaires in Fidelity Administered plans, most took advantage of the employer match. In fact, 28% of the balances came from their employer. That includes the employees contributions and the growth of those contributions.

Check with your HR department to make sure you are getting that match – it’s free money! And then continue to check every year to make sure your are still maximizing the match offered by your employer.