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Community: Investing Wiki

Term Of The Hour

401K contribution amounts: Original post by Cynthia Myers of Demand Media Your employer-sponsored 401k plan allows you to save money for retirement through payroll withdrawals, making saving automatic. Your contributions are tax-deductible. You pay taxes on the money as you withdraw it from the account upon your retirement. The Internal Revenue Service restricts the amount you can contribute to your 401k. Your income…

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