Are IRAs Holding You Back? Meet the Unstoppable Force of a Saveday 401(k)

Welcome, savvy savers, to an insightful exploration of retirement savings options! Today, we’ll dive into the realm of Individual Retirement Accounts (IRAs) and compare them with the game-changing saveday 401(k). By the end of this informative journey, you’ll be equipped with the knowledge to make an informed decision and pave the way for a financially secure future.

IRAs: Versatility with Limitations

Individual Retirement Accounts (IRAs) offer a range of advantages and disadvantages. On the positive side, IRAs provide individuals with flexibility, allowing contributions even outside of employer-sponsored plans. (Meaning you don’t have to get one through your job.) They offer a variety of investment options and can be self-directed, giving you control over your retirement funds. 

However, IRAs have contribution limits that may restrict your ability to save larger sums. Additionally, they lack the benefits of employer matching contributions that can boost your savings potential. 

Saveday 401(k): Revolutionizing Retirement Savings

Now, let’s explore the distinctive features of the 401(k) that sets it apart as an exceptional choice for your retirement savings:

  1. Enhanced Contribution Limits:

401(k)s offer higher contribution limits compared to IRAs, allowing you to save more for retirement. By maximizing your contributions, you can accelerate your savings growth and build a more substantial nest egg. This increased capacity sets the stage for a more financially abundant retirement.

  1. Employer Matching Contributions:

One of the standout advantages of the 401(k) is the potential for employer matching contributions. This means that for every dollar you contribute to your 401(k), your employer may match a portion of it. Employer matches represent free money towards your retirement savings, amplifying your investment potential and boosting your long-term financial security.

  1. Streamlined Administration:

Saveday takes the complexity out of managing your retirement savings. Our user-friendly platform simplifies administrative tasks, automates processes, and offers seamless integration with payroll systems. This streamlined approach saves you time and effort, allowing you to focus on what truly matters – while growing your retirement funds.

  1. Simplified Investment Options:

Saveday uses ETFs, which are like a basket of securities, including stocks and bonds and other assets, that can be traded whenever the markets are open. ETFs combine the diversification benefits of mutual funds with the ease of stock trading. This approach is a simple way to access the financial markets without having to pick assets yourself, and the diversity of the securities enhances your potential for long-term growth and financial success.

When it comes to navigating retirement savings, the choice between IRAs and 401(k)s is a crucial one. While IRAs provide versatility, 401(k)s empower you with enhanced contribution limits, potential employer matching contributions, streamlined administration, and simplified investment options.

Focus your financial future and choose a saveday 401(k) to unleash the full potential of your retirement savings. With saveday, your retirement journey becomes an exciting and rewarding adventure. We look forward to being your trusted partner in building a prosperous future.

401(k) HR Administration Made Easy: Partnering with Saveday for Small Business Owners

Implementing a 401(k) plan as a small business owner can be quite the administrative headache. Many small business owners don’t have the time or HR manpower to take on this project and manage their business at the same time. You don’t have to face this burden alone. Partnering with saveday streamlines and simplifies your HR administrative responsibilities. 

1. Simplified Plan Administration:

Saveday’s user-friendly platform simplifies plan administration. From employee onboarding to managing contributions and generating reports, saveday offers intuitive tools that make the process seamless. With automated data collection and reporting features, you can save time and effort while ensuring accuracy.

2. Personalized Support

Saveday provides dedicated support to guide you through every step of the process. Whether you have questions about plan setup, compliance, or employee communication, saveday’s experts are there to assist you via phone, email, and live chat services. Enjoy peace of mind knowing that you have a trusted partner to rely on for your 401(k) needs.

3. Expertise and Compliance:

Saveday’s team of retirement plan experts are well-versed in 401(k) regulations and compliance requirements, and complimentary custodial and fiduciary services are always included in our $0 employer-cost plans. By partnering with saveday, you can ensure that your plan is administered accurately and in full compliance with government regulations. Saveday takes care of the intricate details, allowing you to focus on your core business activities.

4. Cost Savings:

Opting for saveday can save you money compared to the alternative of hiring additional staff or outsourcing your 401(k) administration. By leveraging saveday’s simple and streamlined platform, you can reduce overhead costs and allocate resources to other important areas of your business.

5. Employee Engagement and Education:

Saveday offers robust employee engagement tools and resources to empower your workforce. With features like intuitive investment options, educational materials, and retirement planning tools, saveday helps employees understand and make the most of their 401(k) benefits. Now that they’re engaged, employees are more likely to appreciate and utilize their retirement plans effectively.

In short, managing the HR administrative burden of your 401(k) plan doesn’t have to be overwhelming. By partnering with saveday, you gain access to expert guidance, streamlined plan administration, cost savings, and enhanced employee engagement. saveday’s friendly and knowledgeable team will guide you through the complexities, ensuring compliance and efficiency every step of the way. 

Simplify your HR administrative tasks and provide valuable retirement benefits to your employees with saveday as your trusted 401(k) partner. Better yet, experience peace of mind and focus on what matters most – growing your small business to new heights.

Employer Matching Contributions: The Cherry on Top of Your 401(k) Sundae

Welcome back, fellow 401(k) newbies!

Emma here, your friendly guide to all things 401(k). Today, we’re venturing into the exciting world of employer matching contributions. Why? Well, because I recently discovered that my own employer offers this awesome benefit. Everyone told me this was great news. At first I thought, “What’s the big deal”? I decided to look into it further and see how big of a difference matching would make for my portfolio. Turns out, it is a pretty sweet deal after all!

What Are Employer Matching Contributions, Anyway?

Imagine you’re at a party, and someone announces that there’s free ice cream for everyone. I mean, who doesn’t love free ice cream, right? Well, employer matching contributions are like that delectable treat, but for your 401(k) instead. It’s your employer saying, “Hey, we think you’re pretty awesome, so we’ll throw in some extra cash to help you save for retirement.” Now that’s what I call a sweet deal!

How Does It Work?

Your employer sets a “matching formula”, which is usually a percentage of your salary or your own contributions. For example, if your employer offers a 50% match on up to 4% of your salary, it means that for every dollar you contribute up to 4% of your salary, your employer will toss in an extra 50 cents. It’s like getting a bonus on top of your hard-earned savings. Who doesn’t love free money?

The Power of Doubling Your Savings

When your employer matches your contributions, it’s like they’re handing you an extra scoop of free savings. That additional cash will work its magic through your investments and compound interest, generating additional growth and returns without you having to lift a finger. 

So, seize this sweet opportunity and contribute as much as you can to make the most of those matching contributions. I’ve been amazed at how quickly my money multiplies with the extra boost.

Maximize Your Match and Seize the Sun-dae

Employer matching contributions are like the cherry on top of your 401(k) sundae. They’re a sweet boost to your retirement savings without any extra effort on your part. So, make sure to contribute at least enough to take full advantage of your employer’s matching program. Meaning, if they offer a 5% match, contribute the full 5%. 

Don’t leave that ice cream sitting there, waiting to be devoured!

If you have any more questions or want to explore further, head over to the Saveday blog. They have a toppings bar full of resources to help you make informed decisions and unleash the full potential of your retirement savings. 

Join me next week to take a scoop out of the hidden secrets behind types of securities! 
Keep saving!
-Emma

Affordable and Hassle-Free 401(k) Plans for Small Businesses | Saveday

Small businesses save more with SaveDay

As a small business owner, providing a 401(k) plan for your employees is a significant step towards their financial well-being and your company’s growth. However, the cost associated with setting up and managing a 401(k) plan can be a concern. Many companies tack on expensive startup fees, monthly and annual employer costs, per-employee fees, and other buried charges.

But with saveday, you can offer this valuable benefit without any startup cost. Saveday simplifies 401(k) plans for small business owners, eliminating the financial burden and reducing administrative hassle.

5 Ways Saveday Makes 401(k)s Affordable for Small Business

  1. Cost Savings: Saveday’s $0 startup cost removes the financial barrier that deters small businesses from offering retirement benefits. By waiving setup fees, saveday provides a robust savings solution within your budget.
  2. In-House Strategy: Saveday’s fully-bundled strategy eliminates at least 50% of industry average plan costs. With all plan requirements handled in-house, including Registered Investment Advisor, Broker/Dealer, and 401(k) Administrator, we save you money by not charging for revenue sharing with distribution partners.
  3. No Hidden Fees: Unlike competitors, saveday offers transparent pricing and a low AUM fee. We don’t burden you or your employees with monthly, annual, or per-employee fees. More money stays with you and your employees, as it should in retirement planning.
  4. Simple Plan Offerings: Saveday provides simple and flexible plan options tailored to your business’s needs. Whether you’re a sole proprietor or a growing startup, we can customize a 401(k) plan that aligns with your goals. Unlike other providers, we treat all plans equally, ensuring fair access to desirable features.
  5. Seamless Administration: Saveday’s intuitive platform simplifies plan administration. With payroll integration and automated processes for onboarding, contribution management, and reporting, we streamline the administrative tasks associated with a 401(k) plan. Focus on running your business while we handle the rest.

Saveday’s $0 startup cost for a 401(k) plan enables small business owners to offer this vital benefit without financial strain. By providing a 401(k) plan, you support your employees’ financial future and attract top talent to your business. With legislative tailwinds pushing towards mandatory retirement benefits, take the proactive step and offer benefits today to avoid state-mandated deadlines and penalty fees. Trust saveday to make retirement planning accessible, affordable, and hassle-free for your business.

ETFs vs Mutual Funds: Why ETFs Win in Your 401(k)

Exchange Traded Funds or Mutual funds?

Welcome back, fellow 401(k) newbies!

I’m Emma, your young-adult guide to retirement savings. In my last post, we uncovered the secret recipe for growing your 401(k) snowball through the power of compound interest. 

Today, we’re tackling the intimidating by uncovering the world of Exchange Traded Funds (ETFs) and Mutual Funds. Trust me, they sound impossible to understand, but by the end of this post, you’ll see why ETFs are the real investing superheroes. And better yet, why saveday is the well-calculated call for your 401(k).

ETFs and Mutual Funds: Understanding the Basics

Alright, let’s get down to business. ETFs, also known as exchange-traded funds, are like those mixed bags of trail mix your dad grabs for road trips. (Or was that just my dad?) Instead of snacks, they contain a blend of stocks, bonds, and commodities for diversification. But here’s the exciting part: you can buy and sell ETFs throughout the trading day. Flexibility is the key to successful investing, my friends.

Now, let’s turn our attention to Mutual Funds. They’re like the well-meaning, but inflexible siblings of ETFs who always need a pit stop during the road trip. Mutual Funds can only be traded when the markets are closed. While they offer diversification and professional management, they lack the flexibility that makes ETFs so appealing.

Mutual Funds: Limited Options and Pricing Challenges

Ah, Mutual Funds. They mean well, but they come with their limitations. Buying and selling Mutual Funds takes an entire day, leaving you tapping your foot and anxiously waiting for that check. Even worse, Mutual Funds can only be bought or sold at their net asset value (NAV). This value represents the total worth of the fund’s assets minus liabilities, divided by the number of outstanding shares.

In simpler terms, the NAV pricing structure has its disadvantages. You can only trade Mutual Funds at the NAV price when the trading day ends. So, if you want to make a move during the day, you’ll have to wait until the market closes. This lack of flexibility can be frustrating, especially when you want to react quickly to market changes. Your wallet might miss out on potential gains.

Even worse, Mutual Funds often come with higher fees compared to ETFs, gobbling up more of your hard-earned returns. These fees include expense ratios, which cover the fund’s operating costs, and sales loads, which are charges incurred when buying or selling Mutual Funds. It’s like a road-trip buddy that insists on staying at expensive hotels, draining your travel budget! 

ETFs and Your 401(k): Unleashing the Benefits

That’s why saveday has your back with ETFs. Unlike Mutual Funds, which make you wait and potentially miss out on more retirement savings, saveday can make immediate moves based on Nobel Prize-winning strategies (they follow Modern Portfolio Theory). The lower fees associated with ETFs also help keep your costs down, leaving more of your nest egg ready to hatch into the sunny seaside retirement you deserve.

Honestly, the more I learn about saveday, the happier I am that my employer chose them for my 401(k) plan. And if you have any more questions, head over to the saveday blog. They have a treasure trove of resources to help you make informed decisions and supercharge your retirement savings.

Join me next week as we dive into the exciting topic of Employer Matching Contributions and what they mean for the future you and I are building!

Happy Saving!

-Emma

401(k) Plan vs. State-Sponsored Plans: Maximizing Small Business Success with Saveday

401(k) plans vs. State Plans

401(k) Plans vs. State-Sponsored Plans, which one is best? As more states implement legislation in response to the SECURE 2.0 Act, which mandates small businesses to offer retirement benefits, many owners find themselves searching for private providers or considering state-sponsored plans.

When facing deadlines and penalties, the allure of state plans as simple and affordable options can be tempting.

But don’t be deceived! State plans have limitations, lack customization, hide fees, and may not adequately prepare for retirement. This leaves employees seeking additional investment options.

Now, let’s delve into the distinctions between state-sponsored plans and saveday’s 401(k) plan.

State Plans: Traditional Yet Limited

State-funded plans typically offer only Roth IRAs. With Roth IRAs, or Individual Retirement Accounts, employees contribute post-tax dollars, which means their money is generally tax free at the time of withdrawal. 

There are some downsides to only offering IRAs in your retirement benefits plan. IRAs exclude high-income earners and have a maximum annual contribution limit of $6,500 in 2023, or $7,500 for those over 50. They are generally considered to be insufficient for retirement planning alone, meaning those who contribute to IRAs typically have to find another way to save money for retirement. In addition, many state plans tack on additional fees associated with plan management, which can make them a less attractive option than they appear. 

On the positive side, state plans offer a straightforward solution for businesses seeking a retirement plan without extensive setup requirements. Enrollment in the state-sponsored plan means businesses will be compliant with state mandates, and can avoid costly penalty fees. 

However, businesses often encounter limitations such as restricted investment options and a lack of personalization to align with specific business goals. Additionally, state plans may incur higher administrative costs, impacting your bottom line in the long run. State plans are also ineligible for SECURE Tax Credits, which can compensate for up to $16,500 in plan costs during the first three years of sponsoring a plan. 401(k) plan sponsors are eligible for these credits.

Saveday 401(k): Revolutionizing Retirement for Small Business

Let’s look at the features of a 401(k) that make it a compelling choice for small business owners:

1. Zero Cost for Employers

That’s right! It costs employers nothing to sponsor a retirement plan through saveday. This is retirement planning the way it was supposed to be – with no middle man, no start-up costs or hidden fees, and no hassle. We cut administrative costs so that retirement benefits are accessible to everyone, and so small businesses can put that money back into their operations. 

2. Personalized Guidance

State plans are cookie cutter, with IRAs treating everyone the same. Saveday offers Traditional and Roth plans, with a Risk Assessment that helps employees select the portfolio that’s best for them, and daily auto-rebalancing to protect portfolio health.

3. Empowering Employees

With saveday, employees can contribute up to $22,500 in 2023. Having the ability to contribute more into their retirement accounts puts employees much closer to their retirement goals than with an IRA. But that’s not all. Employees can also enjoy employer matching, profit sharing, and vesting schedules unavailable in state plans.

4. Streamlined Administration

Saveday simplifies the administrative burdens associated with managing a 401(k) plan. Our intuitive platform automates key processes, reduces paperwork, and offers seamless integration with payroll systems. Say goodbye to the headaches of complex plan administration and enjoy a streamlined experience that saves you time and effort. 

Claim Your Victory with Saveday

In the comparison of State Plans versus offering a 401(k) through saveday, the clear victor emerges for small business owners seeking a retirement plan that maximizes benefits and flexibility. While State Plans seem convenient, saveday is the small-business retirement planning solution. 

Empower your small business and provide your employees with a retirement plan that aligns with their aspirations. With saveday, retirement planning becomes an exciting journey that leads to a brighter future for all.

Looking to learn more? Expand your small business savvy by reading more of our blog here!

Power of Investments: Fueling Your Financial Growth

Welcome back to part 3 of my journey as a young adult learning about 401(k)s. Today, we’re diving into the fascinating world of investments and how they can fuel your financial growth. In my previous post, we uncovered the power of compound interest. 

If you missed it, catch up here and join me on this metaphor-laden adventure to unlock the secrets of investments.

Compound interest got me thinking – why do I need to start investing now if I’m not retiring anytime soon? If my contributions compound over time, why couldn’t I just start putting in large amounts of money later on for larger returns? (Aka – couldn’t this be a tomorrow problem? Please?) So, I started to research. 

Turns out, good things really do take time. 

The Orchards of Investment: Cultivating Your Financial Future

Imagine yourself inside a vibrant orchard, teeming with fruit trees that symbolize the boundless potential of investment opportunities. Each tree represents a unique investment avenue within the stock market, signifying the growth of your 401(k) funds. Just like a diligent farmer tends to each tree, carefully selecting the right stocks or funds is vital for nurturing your financial future. Think of it as a quest to uncover the juiciest fruits of investment and cultivate a more prosperous bank account!

Balancing Risks and Rewards: Diversification in Your Investments

Even the most skilled farmers understand the perils of relying solely on one type of tree. Imagine a frost damaging an entire peach crop – it could spell disaster if that’s all they planted. However, by diversifying their orchard with resilient apple trees, they could still harvest enough to sustain their operation for another year.

Diversification is the name of the game! By planting a variety of trees or diversifying your investment portfolio, you can skillfully balance risks and rewards. So, instead of going all-in on mysterious “get-rich-quick” schemes, we spread our investments to create a bountiful financial harvest.

Trusting the Experts: Navigating Investments with Saveday

Just as farmers seek guidance from seasoned botanists, you can rely on investment experts like saveday to navigate the world of investments. Their skilled financial professionals meticulously analyze market trends, identify promising opportunities, and ensure your investment orchard flourishes according to your long-term goals. It’s like having a team of financial geniuses with a green thumb by your side!

Market fluctuations and uncertainties may arise, but with the right strategies and a resilient spirit, you can weather any storm. Trust your investment professionals to guide you through the twists and turns of the market, safeguarding your orchard from unwanted weeds and pests.

Cultivate a Prosperous Future: Investments in Your 401(k)

Embrace this journey and seize the opportunity to nurture your wealth through wise investments in your 401(k). Remember, even the most fruitful gardens encounter challenges. Yet, with a well-crafted investment strategy, you can overcome obstacles and relish the sweet fruits of financial success. Let your 401(k) bloom and flourish like an orchard of limitless possibilities!

Want to learn more about 401(k)s before enrolling? The saveday website has lots of educational resources about 401(k) terms and common questions about 401(k)s available to check out.

See you next week!

-Emma

Unveiling the Power of Compound Interest: How Does a 401(k) Make Money?

Let’s get real for a sec. Ever wondered why you should bother with a 401(k) when there are tempting expenses all around you?

*Cough* another Costco pizza run *cough*. No? Just me?

But hold up, have you ever wondered how a 401(k) actually makes money? Buckle up because in this blog post, we’re diving into the world of compound interest. We’ll unravel the secrets behind growing your 401(k) and show you why investing in your retirement fund can lead to long-term financial bliss. Get ready to be amazed by the wonders of compound interest!

BTW: If you missed last week’s post on How to Claim Your Saveday 401(k), check that out here!

Understanding Compound Interest: The Magic Behind Your Growing 401(k)

Okay, compound interest might sound like a fancy term, but don’t worry! We’ll make it simple. Imagine your 401(k) contributions as a snowball in your hand. Each little snowflake represents a few cents of your paycheck.

Now, imagine rolling that snowball down a snowy hill when you make your first contribution. As it rolls, it starts picking up more snow, growing bigger and bigger. The more it grows, the more snow it collects. Can you see the potential here?

Contributing to your 401(k) works like adding more snow to the snowball. And guess what? Automating your contributions is like giving that snowball a one-way ticket down the hill, gathering even more snow as it goes. The bigger the snowball gets, the faster it accumulates more snow.

In a nutshell, contributing to your 401(k) means trading a small, instant reward (like those mouthwatering $1.50 pizza slices at Costco) for an epic, future payday.

The Magic of Compound Interest and Your Financial Future

Now that you’ve got the snowball metaphor down, let’s talk about the real magic behind compound interest. It’s like a snowball on steroids! When the money in your 401(k) starts earning interest, that interest gets reinvested, generating even more returns for you. It’s like snowball-ception!

Imagine this: Your modest contributions, combined with the power of compound interest, can snowball into a significant sum over time. Starting early and staying consistent with your 401(k) contributions sets the stage for a solid financial future.

Why Should You Jump on the 401(k) Train?

I get it, managing your finances can be overwhelming, especially when you’re young and broke. But listen up! Building wealth and securing your future are the keys to a comfortable retirement. So, next time you’re tempted to splurge, think about that snowball metaphor or log in to your saveday dashboard for inspiration. Every contribution brings you one step closer to your financial goals and can bring the peace of mind you deserve.

Understanding how a 401(k) actually makes money is like cracking a secret code to financial success. Compound interest is the superhero behind your retirement fund’s growth. So, stay tuned for my next blog post where I’ll unveil another mind-blowing method 401(k)s use to make money! In the meantime, if you’re itching to learn more about 401(k)s, head over to the saveday main website. They’ve got a treasure trove of educational resources on 401(k) terms and FAQs. It’s time to take charge of your future and witness the jaw-dropping power of compound interest!

Want to learn more about 401(k)s before enrolling? The saveday website has lots of educational resources about 401(k) terms and common questions about 401(k)s available to check out.

See you next week!

-Emma

Ramen to Retirement: A Simple Guide on How to Easily Win the Saving Game

Hi, I’m Emma, a recent-ish college graduate just starting out in the “real world.” Join me on my journey from “Ramen to Retirement”: how I’m learning to budget my new corporate lifestyle and set myself up for retirement (starting by enrolling in my 401(k)…who knew?).

Step One: Acknowledging you (I) have a Problem

It all began when my dad read an article about how Gen Z was saving up more in retirement than any previous generation. He asked, “How much have you saved up so far?” Just between us (dear reader), the only thing resembling budgeting that I had done in the past few weeks was stop myself from getting panda express for the billionth time. 

He asked if I had enrolled in a 401(k) through my job. I had not. Don’t blame me, I had no idea how 401(k)s worked! Of course, I knew that I was supposed to have one eventually. I just didn’t know that eventually was really more like yesterday.

A quick perusal of my cluttered inbox revealed that my job had sent quite a few emails about enrolling in my 401(k) – whoops. Those emails explained that a 401(k) is an account that you can only get through your job. It helps you save for retirement by investing money straight from your paycheck into different funds and stocks. The longer you have until retirement, the more potential growth your account can have – perfect! At least I hadn’t waited too late to start saving.

Weird to think it could even be considered starting “late” when retirement seems SO far away, right?

Saveday, the company my employer is sponsoring the 401(k) with, had emailed as well. They promised simple enrollment in fifteen minutes or less. We’ll see about that. Becoming an investing expert in just 15 minutes? 15 minutes ago, I didn’t know what a 401(k) was.

Step Two: Taking Action… (Finally) Enrolling in my 401(k)

Alright, enough excuses. Time to see what this 401(k) situation was all about.

Clicking on the personalized link in saveday’s email took me straight to the enrollment page.

Enrolling in your 401(k) on saveday.com

As a proud full-time adult with my Social Security Number memorized 💁‍♀️, it took less than a minute to start my account. 

From there, I was asked a few questions about when I wanted to retire and how much risk I was comfortable with as an investor. I wasn’t sure how much risk would be best. Luckily, there was an assessment built into the process that helped explain what kind of portfolio was right for me. It also explained the difference between Roth and Traditional accounts and the types of investments saveday makes. I was surprised by how much I learned about retirement planning and investing just by enrolling!

Next, the contribution calculator walked me through deciding what percentage of my paycheck to contribute to my account each month. With saveday, you can change your contribution level at any time, which made me feel better about taking home less in my paycheck each month. Especially when I learned that saving for retirement is like running a marathon. Slow and steady wins the race!

Step Three: “Adulting” Achievement Unlocked!

And, voila! After selecting a contribution percentage, my account was set up and ready to receive contributions. Saveday automatically processes contributions each pay period directly through employer’s payroll. It’s super helpful that the money goes straight from my paycheck into my account.

Now my money is working hard for me, and I don’t have to lift a finger!

Saveday has a dashboard so you can visually see what your money is doing. It’s pretty fun to look at. The bar graphs and pie charts show how much your money grows each month and where your assets are invested. Even though I’m not the one moving the money around, it makes me feel like a financial guru. (Wolf of Wall Street, who???) 

Realizing I had nearly missed the boat on learning about and enrolling in my 401(k) made me curious about what else I was missing in terms of finance and investing – so I’m going to find out. Come along as I continue taking baby steps toward becoming a full on r/personalfinance-level genius (okay, or at least a zillennial with a diverse investment portfolio).

If you aren’t still sure where to start, or want to learn more about 401(k)s before enrolling, the saveday website has lots of educational resources about 401(k) terms and common questions about 401(k)s available to check out.

See you next week!

-Emma