(NewsUSA) - Young adults who are new to the workforce have a lot to think about. But when it comes to compensation, there are many ways to make your salary and benefits work for you. Taking full advantage of opportunities for saving and investing now will pay off later.
One of the simplest and most effective ways to save for retirement is through an employer-sponsored plan. Many employers offer a 401(k), which allows you to invest part of each paycheck directly into the plan. That helps make saving automatic, and pre-tax 401(k) contributions reduce your taxable income.