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How to Open a 401(k)

These tax-favored retirement savings accounts are great -- if they're available to you. Find out how to get started with a 401(k) or open a solo 401(k).

By Motley Fool Retirement Team – Updated Nov 25, 2024 at 9:17 PM

Key Points

  • Check 401(k) eligibility and contribution limits; consider catch-up if over 50.
  • Select low-fee investments; diversify in stocks and bonds across sectors.
  • Review and adjust 401(k) contributions and investments regularly.
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