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    Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

  7. How To Make Changes to Your 401(k) Contributions - AOL

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    Contributions to these plans are typically expressed as a percentage of your annual salary. For example, if you earn $75,000 per year, and your contribution rate is 10%, you would save a total of ...

  8. 401(k) Hardship Withdrawals: What You Need To Know - AOL

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    A 401(k) plan loan allows you to borrow against the balance of your 401(k) plan. If your employer allows plan loans, you can borrow up to $50,000 or 50% of your vested account balance, whichever ...

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