Most workers wait years for a company's 401(k) match to become their money

"Financial planners continually beat the 'save-for-retirement' drum, and the amount you need to put in a 401 to get the match is well below the amount you should save each year," Hauer said.

If you are able to contribute more than just enough to get the match, financial advisors generally recommend that you do. The contribution limit for 2021 is $19,500, with workers age 50 and older allowed an extra $6,500 as a "catch-up" contribution for a total of $26,000. By way of example: Say your annual salary is $50,000. If you were just to contribute enough to get the employer match, the most common matching formula would mean you contribute 5%, or $2,500, in a year, and your company would put in another $2,000 — totaling $4,500 a year. If you did that for only one year, the money would be worth about $26,200 in 30 years, based on a 6% annual return, according to data provided by Fidelity Investments.

Remember, too, that if you have a traditional 401 plan, your contributions are made pretax, which reduces your taxable income , although your withdrawals in retirement will be taxed. If it's a Roth, your contributions are made after-tax, but distributions later in life are generally tax-free.

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Companies want a tax on food wrappers. Just not Maine’s.Maine could soon become the first state to charge companies for the cost of recycling Meanwhile the nearly 100 companies, governments and nonprofits that form the U.S. Plastics Pact released their plan to slash waste. The road map has four goals — and accomplishing them will require a tax to fund recycling. The Long Game has more: I hear that plastic recycling is one of the biggest frauds. Promoted my the plastic industry to actually produce more plastic. Very little actually gets recycled despite most of the public being all in by separating garbage into a recycle bin. There was a good 60mins story on it I wish AZ was. The cost of recycling has not been met by selling plastics because China will not buy it anymore. Tucson has cut back on what it will recycle so more goes to landfills. This cannot continue. It is worsening exponentially. Earth oceans has miles long floating trash
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