The Michigan State University Career Services Network recently published an article demystifying the 401(k), featuring insights from Michael Boggiano, Managing Partner at Wealthcare Financial. In the piece, Michael breaks down how these retirement plans function, the distinctions between traditional and Roth accounts, and the advantages of contributing early.
He also points out why reviewing investment options, understanding withdrawal rules, and making the most of employer matching can be key steps toward building a stronger retirement strategy.