Each plan has its own rules, so if your retirement plan is with Fidelity, log in or register to learn more about what you have. Jayla and Hannah started contributing to their 401 (k) plans. Jayla is 23 and Hannah is 33. They each save $150 per month and get an 8% average annual return on their investments. View how this impacts their savings.
A 401 (k) is a retirement savings plan that you get through your employer as part of your benefits package. This plan has tax advantages as an incentive to invest and save for retirement. How does a 401 (k) plan work? If your employer offers a 401 (k), you can put part of each paycheck into it and invest it.
