: Aim to contribute at least enough to get the full "employer match"—this is essentially a 100% return on your money.

: These are "set it and forget it" options that automatically adjust your risk based on your expected retirement year.

: You pay taxes on the money now, but your withdrawals in retirement are tax-free . 5. Select Your Investments

: For 2024, you can contribute up to $23,000 (or $30,500 if you're age 50 or older). 4. Choose Your Tax Treatment

: Most people gain access to a 401(k) through their full-time employer.

: Lower-risk options that provide smaller, steadier returns. 6. Designate Beneficiaries