Everything you need to know about 401(k)s
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Everything you need to know about 401(k)s
A 401(k) is a retirement savings plan sponsored by an employer that lets you save and invest a piece of your paycheck before taxes are taken out. 401(k) plans are named for the section of the tax code that governs them. They arose during the 1980s as a supplement to pensions. Unlike pension funds, you control how your money is invested with a ...
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