An employer 401(k) 'match' of 50% up to 6% of salary means what for an employee earning $60,000?
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Explanation
A 50% match up to 6% of salary on $60,000 means the employer will contribute $0.50 for every dollar the employee puts in, up to 6% of salary ($3,600). So the employee contributes $3,600 and the employer adds $1,800. That free money should never be left on the table.
Mutual funds and index funds provide instant diversification, which investment advisors consider one of the most reliable ways to manage portfolio risk.