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Personal Finance

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What does it mean by 401k Investment Vehicles?

  • Personal Finance -

    401(k) retirement accounts. The word "vehicle" when applied to a retirement investment type is brokerspeak. They do not have wheels.

    401(k) accounts in the USA are contributed to by the employee, with pretax and in some cases after-tax earnings. Sometimes the employer adds a smaller matching contribution. Taxes on earnings are deferred until withdrawn. 401(k) accounts can be converted to Individual Retirement (IRA) accounts.

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