What is a 401K? A Beginners guide to Saving for Retirement [Video]

Learn about 401(k) plans, their tax benefits, employer matching, and how they grow with compound interest in this essential retirement savings guide.

Explore what a 401(k), also referred to as 401K, is and how it helps you save for retirement. You’ll learn about the benefits like tax advantages, employer matches, and the power of compound interest. Understanding the basics of 401(k) contributions, including limits and conditions for withdrawal, will also be covered. This information will help you make informed decisions about starting and growing your retirement savings early, taking full advantage of employer benefits and pre-tax contributions to secure your financial future. Retirement 101.

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Information is for educational and informational purposes only and is not be interpreted as financial advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your financial advisor.