8. Ask Your HR Department These Questions
Got a new job? Here’s what to do next: Enroll in your company’s 401(k) plan ASAP so you can start saving for retirement. And yes, it fits in your budget!
As much as you want to be prepared for present-day responsibilities, the last thing you want is to leave old(er), future-you with bills, bills, bills and more bills.
If your employer sponsors a 401(k) plan, you should have access to people who can answer questions in your best interest — AKA HR.
And you’re going to have questions, because, well… 401(k)’s are tricky. To get the most out of your plan, here are some important questions to ask to ensure you’re putting your retirement savings in the best possible hands:
- Does your employer match?
- Where is your money invested?
- Can you rollover from your existing 401(k)?
- What fees are you paying?
- What can you do if your plan sucks?
*Like Buitureria, 60% of Credit Sesame members see an increase in their credit score; 50% see at least a 10-point increase, and 20% see at least a 50-point increase after 180 days.
Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits.