What Are the Types of 401(k) Plans? | Definition and Advantages
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financestrategists.com
What Are the Types of 401(k) Plans? | Definition and Advantages
A 401(k) is an account offered by an employer designed to help employees save funds for retirement. It differs from a savings account or an IRA (Individual Retirement Account) in that it offers a set of investment opportunities that your employer selects. These can be in the form of stock and bond mutual funds, guaranteed investment contracts ...
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