Ultimate 401(k) Guide for Healthcare Professionals
If you’re a healthcare professional, you’ve worked hard to earn your credentials, whether a nursing assistant, administrator or even a doctor. You’ve also invested time and money into your education, and now it’s time to think about investing in your future retirement with 401(k)s and their benefits.
A 401(k) is one of the most important retirement planning tools available for healthcare workers. You pay into it for decades and will likely rely on it, amongst other income sources, for your retirement. The potential for matching contributions from your employer, potential tax benefits, and power of compound interest can make it a great saving and investing tool for many in the healthcare industry that works for healthcare institutions or offices. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your healthcare position, and how much you are paying in 401(k) fees.