Having access to a 401(k) plan isn't a given. You need to work for an employer that offers one of these plans, and even then, you may not be eligible to participate right away.

But if you do have access to a 401(k) plan, it generally pays to participate in some shape or form. That's because many employers offering 401(k)s also match worker contributions to some degree. And that's free money for your retirement.

But should you be contributing beyond your employer match, to the point of maxing out? That's debatable.

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Source Fool.com