Even in the face of recent market volatility and the absence of employer matching, a 401(k) can still be a powerful tool for long-term retirement savings. As Brett Bernstein, CEO and Co-founder of XML Financial Group, points out, “Contributing to a company 401(k) plan, even without a match, can be beneficial whether maxing out or not.” He emphasizes key advantages: pre-tax investing, tax-deferred compound growth, access to loan provisions, and the potential for Roth 401(k) components. While a company match adds value, Bernstein underscores that the foundation of smart retirement saving begins with a holistic financial plan — and a 401(k) remains a strong piece of that puzzle.
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