An Overview of The 401k Retirement Plan
The following extract is from a series of articles and videos about managing your money …
Out of sight, out of mind. That’s pretty much how the 401k retirement plan works. You enter into an agreement and your employer deducts a certain percentage of your income (before taxes) that gets put away towards your retirement. Sometimes, if your employer is fairly generous, they will offer to match your investment, so your final pay-out will be double what you put in.