14 Personal Finance Facts and Myths: Do You Know the Difference?

IT’S POSSIBLE TO EARN A GUARANTEED 50% RETURN ON YOUR 401(K) CONTRIBUTIONS.

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Many employers offer 401(k) programs that include employer-provided matches of your contributions up to a certain percentage of your pay. “At the very least, what you want to do is get the complete match that many employers give,” Mannes says. “A typical example is an employer will match 50 cents of each dollar up to 6 percent. That’s an instant 50 percent return on your money.”