You are using an older browser version. Please use a supported version for the best MSN experience.

7 smart 401(k) moves to make right now

The Motley Fool Logo By Chuck Saletta of The Motley Fool | Slide 1 of 9: Your 401(k) can be among the most powerful wealth-building tools at your disposal. Between the fact that it gets funded automatically from your paycheck and the fact that it compounds tax advantaged on your behalf, it can enable you to reach millionaire status by retirement.  Still, a key challenge with your 401(k) is that because it’s automatic, it can be easy to forget about it. With the new year just getting started, now is an excellent time to take a look at your 401(k) and make these seven smart moves with it.ALSO READ: What Is a 401(k) Retirement Plan?

Use this retirement account to its full advantage

Your 401(k) can be among the most powerful wealth-building tools at your disposal. Between the fact that it gets funded automatically from your paycheck and the fact that it compounds tax advantaged on your behalf, it can enable you to reach millionaire status by retirement.

Still, a key challenge with your 401(k) is that because it’s automatic, it can be easy to forget about it. With the new year just getting started, now is an excellent time to take a look at your 401(k) and make these seven smart moves with it. Click ahead to see them.

ALSO READ: What Is a 401(k) Retirement Plan?

© Getty Images

More from The Motley Fool

The Motley Fool
The Motley Fool
image beaconimage beaconimage beacon