401k Term paper

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401K, the retirement savings plan turned 20 this month. It has become the centerpiece retirement vehicle for millions of employees since it was kicked off on January 1, 1981.

A 401K is a retirement plan set up by employers & named after the part of the Internal Revenue Code that spells out the rules- section 401, paragraph K.

When you join a 401K you agree to contribute part...

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