What is a 401k match and how do I use it?

A 401k match is when your employer contributes money to your retirement account based on how much you contribute yourself. For example, a common arrangement is a 50% match up to 6% of your salary, meaning if you earn $60,000 and contribute 6% ($3,600), your employer adds another $1,800. It's essentially free money added to your retirement savings. To use it, enroll in your company's 401k plan through your HR department or benefits portal, then set your contribution percentage to at least the amount required to get the full match. If your employer matches up to 6%, contribute at least 6% so you don't leave free money on the table. The funds are then automatically deducted from your paycheck and invested.