Your 401(k) is one of the most powerful tools for securing your financial future. The question is: Are you using it to its full potential?
Here are some strategies to help you maximize its benefits: Earn your employer’s match. It’s a good idea to contribute as much as you can afford to your 401(k) plan. (In 2026, you can put in up to $24,500, or $32,500 if you’re 50 or older. If your plan allows, there’s also a “super catch-up” contribution of $11,250 for people aged 60 to 63, for a total contribution limit of $35,750). At least put in enough to earn a matching contribution if one is offered. Otherwise, you’re shortchanging yourself. For example: Your employer matches 50% of your contribution up to $5,000. If put in $8,000, your employer’s 50% match is $4,000, and you’re leaving $1,000 “on the table.”
Give your plan a raise. When your income increases, consider increasing contributions to your 401(k). When you get a bonus or a tax refund, you could use some or all of that to boost your retirement savings.
