Introduction to 401(k)

"Introduction to 401(k)" is a concise and practical lesson designed to help you navigate the essentials of one of the most popular retirement savings tools in the U.S. In this lesson, we’ll explore the fundamentals of 401(k) plans and how they empower employees to build financial security for retirement through tax-advantaged savings.

We’ll break down the types of 401(k) plans—Traditional and Roth—and how each offers unique tax benefits. You’ll also learn how employer contributions, investment options, and the power of compound growth can accelerate your savings over time.

Beyond the basics, we’ll dive into important topics like vesting schedules, early withdrawal rules, and rollovers, helping you understand the key decisions that impact your long-term financial health. Throughout the lesson, we’ll offer actionable tips to maximize your contributions, minimize fees, and diversify your investments for sustainable growth.

By the end, you’ll have the knowledge needed to make informed choices about your 401(k), avoid common pitfalls, and confidently manage your plan as part of your overall retirement strategy. Whether you’re just starting your career or planning for retirement, this guide will empower you to make the most of your savings and take control of your financial future.

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