How much should I contribute to my 401(k)?

(NewsNation) — Like most financial matters, the ideal 401(k) contribution amount varies from person-to-person depending on their saving goals.

A 401(k) is one of the most common employer-sponsored retirement accounts. Offered to full-time employees, it allows workers to allocate a percentage of their paycheck to a retirement account.

Some employers will match employee contributions past a certain percentage threshold — a good starting goal for those uncertain of how much to contribute.