How Supersavers Cheat Themselves Out of 401(k) Matches — And What You Can Do to Stop It

401(k) planscan be the most useful tool you have in saving for retirement. With these tax-favored retirement accounts featuring ultra-high contribution limits of $18,500 for those who are younger than 50 and $24,500 for those who are 50 or older in 2018, well-off workers often seek to max out their annual 401(k) contributions.

Moreover, the fact that many employers add their own matching contributionsto the money that you set aside from your own salary is just icing on the cake for retirement savers.