NYC Intern's Viral 401k Tip: Don't Miss Out on Free Money!

New York City Intern Shares Smart 401k Tips: 'Start Saving Early!' A recent video by Rachel in a real way (@rachelinarealway) is going viral, offering valuable financial advice to interns in NYC and beyond. Rachel, who describes herself as having worked in finance, explains the importance of understanding 401k employer matching contributions. "Many banks now do a 401k vesting match," she says in the video. "If you don't stay for two years, they'll take back the money." This highlights the crucial need for interns to understand the terms of their 401k plan before making decisions about leaving a job. Rachel's advice emphasizes the long-term benefits of starting to save early, even with small contributions, due to the power of compounding interest. Her practical tips have resonated with many young professionals, generating significant engagement on social media. The video serves as a reminder to prioritize financial planning early in one's career.