401(k) for Dummies – The Balance

November 20, 2019

A 401(k) retirement plan is a special type of account funded through pre-tax payroll deductions. The funds in the account can be invested in a number of different stocks, bonds, mutual funds, or other assets, and are not taxed on any capital gains, dividends, or interest until they are withdrawn.The retirement savings vehicle was created by Congress in 1981 and gets its name from the section …

https://www.thebalance.com/401k-retirement-plan-beginners-357115

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