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)?
A common recommendation is to contribute at least enough to get the full employer match, often around 10-15% of your salary.
What happens if I withdraw money from my 401(k) early?
Withdrawing early can result in penalties and taxes, so it's best to avoid it unless absolutely necessary.
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)?
401(k) plans typically offer a range of options including stocks, bonds, and mutual funds, depending on your plan.
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