What To Ask Before You Open A 401(k)

If your employer offers a 401(k), consider yourself lucky. About half of U.S. workers don’t have access to a workplace retirement plan, and not having a plan makes it more likely that they won’t save enough for a comfortable retirement.

To get the most out of your 401(k), though, you need to understand the details of how it works. The rules and options vary by employer — some are better than others, but the overall benefits of a retirement plan are so great that you shouldn’t bypass yours even if it’s less than ideal.

Here’s what to ask before you sign up.

When can I start contributing?

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