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Community: Investing Wiki

Term Of The Hour

401k savings strategies: Original post by John Kibilko of Demand Media How much you contribute to a 401k plan is up to you, within guidelines established by the IRS. A 401k plan is an investment program or retirement plan that allows you to contribute pre-tax dollars into an employer-sponsored account. You choose the amount to be deducted from each paycheck -- your employer also may contribute. The amount you contribute…

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