401(k)

A 401(k) is a savings plan that is sponsored by an employer where you are able to set aside money out of your paycheck to go towards a retirement account.

Whether you live in New York City or San Francisco (or somewhere in between) determines how you invest your money.

While it’s never too late to save for retirement, the earlier you start banking those bucks, the better.

This year, focus on something you actually need: financial freedom. Your wallet will thank you.