A 401(k) can be the most lucrative way to save for retirement, so take advantage if you can

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  A 401(k) is an employer-sponsored, tax-advantaged retirement account. Many employers offer to match your contributions up to a certain percentage, which essentially means you’re getting “free money” for retirement if you contribute at least that amount. There are two types of 401(k) plans: traditional and Roth. With a traditional account, your funds are taxed upon disbursement. With a Roth, you contribute after-tax dollars to your account and withdraw your money tax-free. Use Blooom to analyze your 401(k) today and see how you can grow your retirement savings »

We’ve all probably nodded sagely as a friend has

Read more    Source: businessinsider.com

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