This 401(k) Mistake Could Cost the Average American $333,000
If you have access to a workplace 401(k), this account can help you save for retirement due to the generous tax breaks it offers. Your company may also provide you with matching contributions, which means they give you free money for retirement by matching part of what you invest.
If your employer offers a match and you don't take advantage of it, you could miss out on hundreds of thousands of dollars in potential retirement income and leave yourself in much worse shape in your later years.
Here's why passing up your employer match could end up costing you so much.
Source Fool.com
