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How to Open a 401(k)

These tax-favored retirement savings accounts are great -- if they're available to you. Find out how to get started with a 401(k) or open a solo 401(k).

By Motley Fool Retirement Team – Updated Nov 25, 2024 at 9:17PM

Key Points

  • Check 401(k) eligibility and contribution limits; consider catch-up if over 50.
  • Select low-fee investments; diversify in stocks and bonds across sectors.
  • Review and adjust 401(k) contributions and investments regularly.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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