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Retirement Planning

401(k) Plan

A popular financial strategy for retirement savings, the 401(k) allows employees to allocate a portion of their earnings into a designated account, often with employer contributions. These funds are then free from taxes until they are withdrawn, ideally during retirement. This approach provides individuals with a disciplined method for building a nest egg for their golden years while minimizing their tax burden.
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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