Your 2021 401(k) Contribution Could Be Worth More Than You Think
A workplace 401(k) allows you to invest for the future -- and sometimes to earn an employer match while doing it. In 2021, you're allowed to contribute up to $19,500 to a 401(k) if you're under 50 or $26,000 if you're 50 or older and eligible to make catch-up contributions.
If you can max out your contribution, the money that you invest this year will likely turn into a lot more than you expect by the time retirement age arrives.
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Source Fool.com
