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AdviceIQ: The 401(k) ignorance factor

Too many Americans don’t understand how their 401(k) plans work, and how to take full advantage of this excellent retirement savings vehicle. Such neglect is very harmful to their long-term well-being. In a defined contribution (DC) plan such as a 401(k), a chunk of money each year is invested for your retirement. You contribute a slice of your pre-tax pay to the plan, and some companies match your contribution full or in part….Read More

 

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