--- title: "A Quick Guide to 401(k)s: How to Jump Start Your Retirement Planning" description: Everyone's heard of a 401(k), but do you know how they actually work? It's time to educate yourself on the ins and outs of a 401(k) retirement plan. image: https://news.libertysavingsbank.com/hubfs/photo-of-father-and-daughter-running-at-the-park-853408.jpg --- - [News & Insights](https://www.libertysavingsbank.com/news-insights/) - [ATM Locations](https://www.libertysavingsbank.com/atm-locations/) - [Financial Centers](https://www.libertysavingsbank.com/locations/) - [Careers](https://www.libertysavingsbank.com/careers/) - [Online & Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [About Us](https://www.libertysavingsbank.com/about-liberty-savings/) - [Contact](https://value.libertysavingsbank.com/online-banking-consultation) - #### Banking - [Call the Freedomline at 800.436.6300](tel:8004366300) - [Freedomlineivr@Libertysavingsbank.com](mailto:Freedomlineivr@Libertysavingsbank.com) - [Schedule Branch Visit](https://value.libertysavingsbank.com/online-banking-consultation) #### Health Savings Accounts - [Call us at 844-424-2265](tel:8444242265) - [hsa@libertysavingsbank.com](mailto:hsa@libertysavingsbank.com) #### Existing Mortgage Loans - [Call us at 866-224-0131](tel:8662240131) - [customerservice@loanadministration.com](mailto:customerservice@loanadministration.com) - [libertysavingsbank.loanadministration.com ](http://ibertysavingsbank.loanadministration.com) - Search - Search [![Liberty Savings Bank](https://news.libertysavingsbank.com/hubfs/Liberty_Savings_Bank_June2019/Images/logo.png)](https://www.libertysavingsbank.com/) - Banking - Personal - [Overview](https://www.libertysavingsbank.com/banking/personal/) - [Checking](https://value.libertysavingsbank.com/personal-checking-accounts) - [Online/Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [MMDA - Money Market Deposit Account - Personal](https://www.libertysavingsbank.com/banking/personal/mmda/) - [Savings Accounts](https://www.libertysavingsbank.com/banking/personal/savings-accounts/) - [Certificates of Deposit](https://www.libertysavingsbank.com/banking/personal/cds-2/) - [Credit Cards](https://www.libertysavingsbank.com/banking/personal/credit-cards/) - [Reward Yourself](https://www.libertysavingsbank.com/banking/personal/reward-yourself/) - Business - [Overview](https://www.libertysavingsbank.com/banking/business/) - [Checking](https://www.libertysavingsbank.com/banking/business/checking/) - [MMDA – Money Market Deposit Account – Business](https://www.libertysavingsbank.com/banking/business/mmda/) - [Visa Business Check Cards](https://www.libertysavingsbank.com/banking/business/visa-business-check-card-2/) - Nonprofit - [Overview](https://www.libertysavingsbank.com/banking/nonprofit/) - [Nonprofit Checking](https://www.libertysavingsbank.com/banking/nonprofit/nonprofit-checking/) - [MMDA – Money Market Deposit Account – Nonprofit](https://www.libertysavingsbank.com/banking/nonprofit/mmda/) - [Visa Business Check Cards for Nonprofits](https://www.libertysavingsbank.com/banking/nonprofit/business-check-card/) - Home Loans - Home Loan Options - [Overview](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/) - [Apply Now](https://lsbmtg.mymortgage-online.com/?loanapp&siteid=6096984036&workFlowId=61437) - [Buying a Home](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/buying-a-home/) - [Home Equity Line of Credit - HELOC](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/home-equity-line-of-credit_heloc/) - [Refinancing a Home](https://value.libertysavingsbank.com/compare-and-save) - [Fixed Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/fixed-rate-mortgage/) - [Adjustable Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/adjustable-rate-mortgage/) - [Jumbo Loans](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/jumbo-loans/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Senior Living](https://value.libertysavingsbank.com/senior-living) - First Home Buyers Guide - [Overview](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/) - [Glossary of Mortgage Terms](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/glossary-of-mortgage-terms/) - [Financing Process](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/financing-process/) - [What is Refinancing?](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/purchasing-or-refinancing/) - [Frequently Asked Questions](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/frequently-asked-questions/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Home Loan Teams](https://www.libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Overview](http://libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Bradenton/Wildewood Home Loan Team](https://value.libertysavingsbank.com/wildewood-mortgage-team) - [Sarasota/Stickney Home Loan Team](https://value.libertysavingsbank.com/stickney-mortgage-team-1) - [Sarasota/Square South Home Loan Team](https://value.libertysavingsbank.com/square-south-mortgage-team) - [Lakewood Ranch/Home Loan Team](https://value.libertysavingsbank.com/lakewood-ranch-florida-mortgage-team) - [Venice/Home Loan Team](https://value.libertysavingsbank.com/jacaranda-mortgage-team-2) - [1098 Mortgage Interest Statement](https://www.libertysavingsbank.com/mortgages/1098-mortgage-interest-statement/) - [Personal Loans](https://value.libertysavingsbank.com/personal-loans-florida) - [Commercial/Business Loans](https://value.libertysavingsbank.com/commercial-business-lending) - Support - Getting Started - [About Online and Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [Installing the Mobile Banking App](https://www.libertysavingsbank.com/help/getting-started/installing-the-mobile-banking-app/) - [Accessing the Online Banking Site](https://www.libertysavingsbank.com/help/getting-started/accessing-the-online-banking-site/) - [Logging In](https://www.libertysavingsbank.com/help/getting-started/logging-in-overview/logging-in-for-the-first-time/) - [Logging Out Overview](https://www.libertysavingsbank.com/help/getting-started/logging-off-overview/logging-off-voluntarily/) - The Homepage - [Using the Menu](https://www.libertysavingsbank.com/help/the-home-page/using-the-menu/) - [Viewing Accounts](https://www.libertysavingsbank.com/help/the-home-page/viewing-accounts/) - [Viewing the Sidebar](https://www.libertysavingsbank.com/help/the-home-page/viewing-the-sidebar/) - [Account Information on the Home Page](https://www.libertysavingsbank.com/help/the-home-page/account-information-on-the-home-page/) - [Account Details Overview](https://www.libertysavingsbank.com/help/the-home-page/account-details-overview/) - Online Activity - [Creating Custom Views in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/creating-custom-views-in-the-activity-center/) - [Sorting Transactions in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/sorting-transactions-in-the-activity-center/) - [Viewing Transaction Details in the Activity Center Overview](https://www.libertysavingsbank.com/help/online-activity/viewing-transaction-details-in-the-activity-center-overview/) - [Copying A Transaction](https://www.libertysavingsbank.com/help/online-activity/approving-transactions/) - [Sending a Message About a Transaction in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/sending-a-message-about-a-transaction-in-the-activity-center/) - [Printing Transaction Details from the Activity Center](https://www.libertysavingsbank.com/help/online-activity/printing-transaction-details-from-the-activity-center/) - [Exporting by Transaction Type in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/exporting-by-transaction-type-in-the-activity-center/) - Personal Banking - [Enrolling for Financial Tools](https://www.libertysavingsbank.com/help/personal-banking/enrolling-in-cpfm/) - [Classic Bill Pay](https://value.libertysavingsbank.com/libertycard-onfile-and-instapay) - [Depositing a Check on Your Mobile Device](https://www.libertysavingsbank.com/help/personal-banking/depositing-a-check-on-your-mobile-device/) - [Managing Manual Accounts](https://www.libertysavingsbank.com/help/personal-banking/managing-manual-accounts/) - [Financial Tools: Using PFM Widgets](https://www.libertysavingsbank.com/help/personal-banking/using-pfm-widgets/) - Business Banking - [Canceling Pending Transaction](https://www.libertysavingsbank.com/help/business-banking/canceling-pending-transaction/) - [Approving Transactions](https://www.libertysavingsbank.com/help/business-banking/approving-transactions/) - [Explainer Videos](https://www.libertysavingsbank.com/help/explainer-videos/) - Banking - Personal - [Overview](https://www.libertysavingsbank.com/banking/personal/) - [Checking](https://value.libertysavingsbank.com/personal-checking-accounts) - [Online/Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [MMDA - Money Market Deposit Account - Personal](https://www.libertysavingsbank.com/banking/personal/mmda/) - [Savings Accounts](https://www.libertysavingsbank.com/banking/personal/savings-accounts/) - [Certificates of Deposit](https://www.libertysavingsbank.com/banking/personal/cds-2/) - [Credit Cards](https://www.libertysavingsbank.com/banking/personal/credit-cards/) - [Reward Yourself](https://www.libertysavingsbank.com/banking/personal/reward-yourself/) - Business - [Overview](https://www.libertysavingsbank.com/banking/business/) - [Checking](https://www.libertysavingsbank.com/banking/business/checking/) - [MMDA – Money Market Deposit Account – Business](https://www.libertysavingsbank.com/banking/business/mmda/) - [Visa Business Check Cards](https://www.libertysavingsbank.com/banking/business/visa-business-check-card-2/) - Nonprofit - [Overview](https://www.libertysavingsbank.com/banking/nonprofit/) - [Nonprofit Checking](https://www.libertysavingsbank.com/banking/nonprofit/nonprofit-checking/) - [MMDA – Money Market Deposit Account – Nonprofit](https://www.libertysavingsbank.com/banking/nonprofit/mmda/) - [Visa Business Check Cards for Nonprofits](https://www.libertysavingsbank.com/banking/nonprofit/business-check-card/) - Home Loans - Home Loan Options - [Overview](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/) - [Apply Now](https://lsbmtg.mymortgage-online.com/?loanapp&siteid=6096984036&workFlowId=61437) - [Buying a Home](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/buying-a-home/) - [Home Equity Line of Credit - HELOC](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/home-equity-line-of-credit_heloc/) - [Refinancing a Home](https://value.libertysavingsbank.com/compare-and-save) - [Fixed Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/fixed-rate-mortgage/) - [Adjustable Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/adjustable-rate-mortgage/) - [Jumbo Loans](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/jumbo-loans/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Senior Living](https://value.libertysavingsbank.com/senior-living) - First Home Buyers Guide - [Overview](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/) - [Glossary of Mortgage Terms](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/glossary-of-mortgage-terms/) - [Financing Process](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/financing-process/) - [What is Refinancing?](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/purchasing-or-refinancing/) - [Frequently Asked Questions](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/frequently-asked-questions/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Home Loan Teams](https://www.libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Overview](http://libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Bradenton/Wildewood Home Loan Team](https://value.libertysavingsbank.com/wildewood-mortgage-team) - [Sarasota/Stickney Home Loan Team](https://value.libertysavingsbank.com/stickney-mortgage-team-1) - [Sarasota/Square South Home Loan Team](https://value.libertysavingsbank.com/square-south-mortgage-team) - [Lakewood Ranch/Home Loan Team](https://value.libertysavingsbank.com/lakewood-ranch-florida-mortgage-team) - [Venice/Home Loan Team](https://value.libertysavingsbank.com/jacaranda-mortgage-team-2) - [1098 Mortgage Interest Statement](https://www.libertysavingsbank.com/mortgages/1098-mortgage-interest-statement/) - [Personal Loans](https://value.libertysavingsbank.com/personal-loans-florida) - [Commercial/Business Loans](https://value.libertysavingsbank.com/commercial-business-lending) - Support - Getting Started - [About Online and Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [Installing the Mobile Banking App](https://www.libertysavingsbank.com/help/getting-started/installing-the-mobile-banking-app/) - [Accessing the Online Banking Site](https://www.libertysavingsbank.com/help/getting-started/accessing-the-online-banking-site/) - [Logging In](https://www.libertysavingsbank.com/help/getting-started/logging-in-overview/logging-in-for-the-first-time/) - [Logging Out Overview](https://www.libertysavingsbank.com/help/getting-started/logging-off-overview/logging-off-voluntarily/) - The Homepage - [Using the Menu](https://www.libertysavingsbank.com/help/the-home-page/using-the-menu/) - [Viewing Accounts](https://www.libertysavingsbank.com/help/the-home-page/viewing-accounts/) - [Viewing the Sidebar](https://www.libertysavingsbank.com/help/the-home-page/viewing-the-sidebar/) - [Account Information on the Home Page](https://www.libertysavingsbank.com/help/the-home-page/account-information-on-the-home-page/) - [Account Details Overview](https://www.libertysavingsbank.com/help/the-home-page/account-details-overview/) - Online Activity - [Creating Custom Views in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/creating-custom-views-in-the-activity-center/) - [Sorting Transactions in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/sorting-transactions-in-the-activity-center/) - [Viewing Transaction Details in the Activity Center Overview](https://www.libertysavingsbank.com/help/online-activity/viewing-transaction-details-in-the-activity-center-overview/) - [Copying A Transaction](https://www.libertysavingsbank.com/help/online-activity/approving-transactions/) - [Sending a Message About a Transaction in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/sending-a-message-about-a-transaction-in-the-activity-center/) - [Printing Transaction Details from the Activity Center](https://www.libertysavingsbank.com/help/online-activity/printing-transaction-details-from-the-activity-center/) - [Exporting by Transaction Type in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/exporting-by-transaction-type-in-the-activity-center/) - Personal Banking - [Enrolling for Financial Tools](https://www.libertysavingsbank.com/help/personal-banking/enrolling-in-cpfm/) - [Classic Bill Pay](https://value.libertysavingsbank.com/libertycard-onfile-and-instapay) - [Depositing a Check on Your Mobile Device](https://www.libertysavingsbank.com/help/personal-banking/depositing-a-check-on-your-mobile-device/) - [Managing Manual Accounts](https://www.libertysavingsbank.com/help/personal-banking/managing-manual-accounts/) - [Financial Tools: Using PFM Widgets](https://www.libertysavingsbank.com/help/personal-banking/using-pfm-widgets/) - Business Banking - [Canceling Pending Transaction](https://www.libertysavingsbank.com/help/business-banking/canceling-pending-transaction/) - [Approving Transactions](https://www.libertysavingsbank.com/help/business-banking/approving-transactions/) - [Explainer Videos](https://www.libertysavingsbank.com/help/explainer-videos/) ![FDIC Logo](https://news.libertysavingsbank.com/hubfs/logo-fdic.svg) FDIC-Insured - Backed by the full faith and credit of the U.S. Government # News & Insights [Home](https://www.libertysavingsbank.com/) News & Insights ## A Quick Guide to 401(k)s: How to Jump Start Your Retirement Planning ![](https://news.libertysavingsbank.com/hubfs/photo-of-father-and-daughter-running-at-the-park-853408.jpg) Of all the available retirement savings accounts, 401(k) plans are by far the most common and popular, so it's important to understand and weigh all your options before choosing a retirement savings plan. If you are considering a 401(k), or want to learn more about your existing plan, this quick guide can help! ## What is a 401(k)? A [401(k) is a defined-contribution retirement account](https://www.investopedia.com/articles/retirement/08/401k-info.asp) that offers tax advantages to its owner before and after retirement. For a traditional 401(k), investment earnings are tax-free until you withdraw them after retirement. However, with other types of 401(k) plans, withdrawals can be tax-free. Many employers offer 401(k) options to their employees and will, traditionally, match their employees' contributions up to a certain percentage after a certain amount of time. If you have a 401(k) account through your employer, you can make contributions through automatic payroll withholding, which means that the money you’re contributing into your 401(k) comes directly out of your paycheck and cannot be accessed. So, don’t contribute more than you can afford.   ## Types of 401(k) Plans There are two main types of 401(k) plans: traditional and [Roth](https://www.investopedia.com/articles/personal-finance/063015/roth-401k-vs-roth-ira-one-better.asp).  While similar in many ways, traditional and Roth 401(k)s are taxed differently. Employees can enroll in one or both types of plan, depending on what their employers offer. ### How are traditional and roth 401(k)s taxed? - **Traditional****:** Contributions are tax-free until you withdraw the money, typically after retirement. - **Roth****:** Contributions are taxed, but the money you withdraw is tax-free. ### Other types of 401(k) plans exist, including: - **Simple****:** Designed for small businesses with no more than 100 employees. Employers must either match the employee's contribution or make a non-elective contribution of 2% of each employee's salary. - **Solo****:** Designed for self-employed individuals with no employees. - **Safe Harbor****:** Popular among small businesses. Employers are required to match contributions, and those contributions are immediately invested. ## What are the Benefits of a 401(k)? 401(k) plans offer lots of benefits to help maximize your savings. ### Tax Savings With a traditional 401(k), you can grow your retirement savings tax-free. Your contributions immediately reduce your tax burden, and you won't have to pay taxes on the money in your account until you withdraw it. With a Roth 401(k), you trade immediate tax benefits for a tax-free withdrawal at retirement. ### Employer Match Employers with matching programs will contribute a designated percentage or certain dollar amount for each dollar you contribute to your account.  ### Fiduciary Standard (AKA, protection for your best financial interests) All 401(k) plans are covered by the Employee Retirement Income Security (ERISA) Act, which means that plan administrators have a fiduciary duty to act in your best interest. Plan costs must be reasonable, and investment options should be stable. Important information, such as fees, must also be disclosed prior to plan adoption.   ## How Much Should You Put into a 401(k) Each Month? There are no hard and fast rules when it comes to 401(k) contributions, but keep in mind that your monthly contribution will be withheld from your paychecks, so don’t contribute more than you can afford. Unlike a normal savings account, the money you contribute to your 401(k) cannot be accessed easily once you put it in. The [contribution limit for 2020 is $19,500](https://www.investopedia.com/articles/retirement/082716/your-401k-whats-ideal-contribution.asp), which equates to $1,625 per month. Workers who are 50 and older may contribute an additional $6,500 for the year. To maximize your retirement savings, find out how much you need to save to qualify for an employer match. Maximize your employer contribution – it's essentially free money and, if you can, you should take advantage of it. A good rule of thumb for how much you should be saving is to save around 10% or more of your annual income and do your best to increase your savings rate over time.   ![Pig](https://news.libertysavingsbank.com/hs-fs/hubfs/Pig.png?width=105&name=Pig.png)   It's never too early or too late to start saving for retirement. If you need help, [contact us](https://www.libertysavingsbank.com/) and speak to a local expert today!   [![Find a branch near you](https://no-cache.hubspot.com/cta/default/5145859/b75fe025-0fe9-460c-8e1c-3fe7e8d9e7ea.png)](https://cta-redirect.hubspot.com/cta/redirect/5145859/b75fe025-0fe9-460c-8e1c-3fe7e8d9e7ea) #### Subscribe to our blog *“*They are a hands-on company and have been there every step of the way.*”* **TOM – Local Sarasota Liberty Customer** ## *You can trust liberty* ## Liberty has hundreds of ★★★★★ reviews. Backed by the FDIC. Bauer recommended. [Find out More](https://www.libertysavingsbank.com/★★★★★-rating-by-bauer-financial/) [![Liberty Savings Bank](https://news.libertysavingsbank.com/hubfs/Liberty_Savings_Bank_June2019/Images/logo.png)](https://www.libertysavingsbank.com/) ### YOU CAN TRUST LIBERTY ![SRQ-generic-02](https://news.libertysavingsbank.com/hs-fs/hubfs/SRQ-generic-02.png?width=192&height=178&name=SRQ-generic-02.png)   ### Additional Links - [Testimonials](https://www.libertysavingsbank.com/testimonials/) - [Case Histories](https://www.libertysavingsbank.com/case-histories/) - [FAQs - Frequently Asked Questions](https://www.libertysavingsbank.com/faqs-frequently-asked-questions/) - [Pricing - Checking and Savings Accounts](https://www.libertysavingsbank.com/pricing-checking-and-savings-accounts/) - [Fraud and Security Awareness](https://www.libertysavingsbank.com/fraud-and-security-awareness/) - [Careers](https://recruiting.paylocity.com/recruiting/jobs/List/5189/Liberty-Savings-Bank-FSB) - [Terms and Conditions](https://www.libertysavingsbank.com/terms-and-conditions) - [Privacy Notice](https://www.libertysavingsbank.com/privacy-notice/) - [News & Insights](https://www.libertysavingsbank.com/news-insights/) - [ATM Locations](https://www.libertysavingsbank.com/atm-locations/) - [Existing Mortgage Loans](https://www.libertysavingsbank.com/existing-mortgage-loans/) - [2026 Personal Fee Schedule](https://www.libertysavingsbank.com/wp-content/uploads/2025/12/2026-Personal-Fee-Schedule.pdf) - [2026 Business Fee Schedule](https://www.libertysavingsbank.com/wp-content/uploads/2025/12/2026-Business-Fee-Schedule.pdf) - [★★★★★ Rating](https://www.libertysavingsbank.com/%e2%98%85%e2%98%85%e2%98%85%e2%98%85%e2%98%85-rating-by-bauer-financial/) - [Florida Personal Loans Guide](https://value.libertysavingsbank.com/florida-personal-loans-101) - [Bradenton Florida Guide](https://value.libertysavingsbank.com/bradenton-florida-guide) - [Sarasota Florida Guide](https://value.libertysavingsbank.com/sarasota-florida-guide) - [Venice Florida Guide](https://value.libertysavingsbank.com/venice-florida-guide) - [CRA Public Information](https://www.libertysavingsbank.com/wp-content/uploads/2025/07/CRA-Public-File-07.01.25.pdf) - [Ohio Homebuyer Plus](https://value.libertysavingsbank.com/ohio-homebuyer-plus-savings-account-waitlist) - [Helpful Disaster Relief Information](https://www.libertysavingsbank.com/helpful-disaster-relief-information/) ![footer housing icons](https://news.libertysavingsbank.com/hs-fs/hubfs/footer%20housing%20icons.png?width=163&name=footer%20housing%20icons.png) Optimized for ADA accessibility using W3CAG 2.0 guidelines. APY= Annual Percentage Yield Copyright © 2023, Liberty Savings Bank, F.S.B., Member FDIC, Equal Housing Lender, NMLS #408905, All Rights Reserved. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Sarah Reymann", "url" : "https://news.libertysavingsbank.com/blog/author/sarah-reymann" }, "dateModified" : "2024-01-26T14:09:58.846Z", "datePublished" : "2020-01-29T18:39:35.000Z", "headline" : "A Quick Guide to 401(k)s: How to Jump Start Your Retirement Planning", "image" : [ "https://news.libertysavingsbank.com/hubfs/photo-of-father-and-daughter-running-at-the-park-853408.jpg" ], "mainEntityOfPage" : { "@id" : "https://news.libertysavingsbank.com/blog/a-quick-guide-to-401ks-how-to-jump-start-your-retirement-planning", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "/hs/hsstatic/content_shared_assets/static-1.4091/img/vast.png" }, "name" : "Liberty Savings Bank" } } ```