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401(k): A 401(k) is a blazon of retirement accumulation plan offered by abounding companies to their advisers (about bisected of companies action it). Aback you assurance up for your employer’s 401(k) plan, you can drop a allocation of anniversary paycheck, which gets invested so it grows over time. With a acceptable 401(k), your contributions are taken out of your paycheck afore taxes and your accumulation abound tax-free until you abjure the money in retirement.
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