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  2. A complete guide to 401(k) retirement plans: What is a ... - AOL

    www.aol.com/finance/complete-guide-401-k...

    A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...

  3. The average 401(k) balance by age - AOL

    www.aol.com/finance/average-401-k-balance-age...

    Ages 45-54. Average 401 (k) balance: $142,069. Median 401 (k) balance: $48,301. During this decade you may be getting a larger paycheck than ever, and perhaps you can maximize your 401 (k) plan ...

  4. 9 biggest 401(k) mistakes to avoid - AOL

    www.aol.com/finance/8-biggest-401-k-mistakes...

    Here are the biggest mistakes you can make with your 401 (k) and how to avoid them. 1. Not making saving a habit. Not contributing enough, not contributing consistently and not increasing ...

  5. 401(k) - Wikipedia

    en.wikipedia.org/wiki/401(k)

    401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

  6. 401(k) match: What is it and how does it work? - AOL

    www.aol.com/finance/401-k-match-does-133158768.html

    A 401 (k) match allows an employee to receive 'free' money from their employer for contributing to their retirement plan. The amount of the match can differ, and the employer contribution may be a ...

  7. 401(k) and IRA hardship withdrawals – 5 ways to minimize ...

    www.aol.com/finance/401-k-ira-hardship...

    So if they need the money for other hardship reasons (such as a principal residence, tuition or funeral expenses), account owners will still end up paying the 10 percent penalty tax. 4. Focus on ...

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