What are the benefits of investing in a 401(k)?
Investing in a 401(k) offers tax advantages, employer matching contributions, and helps you save for retirement.
How much should I contribute to my 401(k) each month?
A common recommendation is to contribute at least 15% of your salary, including any employer match.
What happens if I withdraw money from my 401(k) early?
Withdrawing early can lead to penalties and taxes, reducing your retirement savings significantly.
Can I roll over my 401(k) to an IRA?
Yes, you can roll over your 401(k) to an IRA, which can provide more investment options and flexibility.
What investment options are available in a 401(k) plan?
401(k) plans typically offer a range of options, including stocks, bonds, and mutual funds.
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