What is a 401(k) and how does it work?

How does a 401(k) work?

401(k) types

Contribution limits of 401(k)s

Withdrawing from 401(k)s

  • You die, become disabled, or become unemployed.
  • You experience financial hardship.
  • The plan terminates, and your employer didn’t establish or maintain a new defined contribution plan.

What are the benefits of 401(k)s?

Employer matching

Tax benefits

Protected from creditors

401(k) ‘s FAQs

How much money should I put into my 401(k)?

How does a 401(k) make me money?

Can I lose money with a 401(k)?

What are the penalties if I cash out my 401(k) early?

What happens to my 401(k) if I change jobs?

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Andrea is a freelance writer who offers blogging services to her clients. She enjoys cooking, traveling, and cuddling her cat Dali.

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Andrea Ibañez

Andrea Ibañez

Andrea is a freelance writer who offers blogging services to her clients. She enjoys cooking, traveling, and cuddling her cat Dali.

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