Basics Behind a 401(K) Account | Minute of Nutrition

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Maybe you're at a job where human resources had you fill out some paperwork to start this 401(k) plan that's sponsored by your employer as an employee benefit. You probably didn't see this as a big deal, but you decided to fill out the form, you picked the common plan provided by your employer and told HR how much to take from your paychecks to put into this thing built for your retirement. Everything sounded pretty attractive! Employer match, pretax money is being used, low management fees. This still doesn't change the fact you don't know what in the world a 401(k) really represents! Here's a little help.
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The content is developed from sources believed to be providing accurate information. The information provided is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. This material is intended for general public use. By providing this material, I am not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity.

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