What is a 401(k) and How Does it Work?

WHAT IS A 401(K) AND HOW DOES IT WORK?

One of the most common ways people save for retirement is by contributing to a 401(k), a retirement savings account offered by many employers. So what is a 401(k) and how does it work? We’ll look at three main concepts: contributions, investments, and account management. But first let’s start with the absolute basics: the name. … Read more What is a 401(k) and How Does it Work?