The Ins and Outs of 401k Retirement Plans: A Comprehensive Guide for 2023
<p>The 401k is one of the most popular employer-sponsored retirement plans in the United States. As of 2021, there were over 600,000 401k plans holding over $7.3 trillion in assets for over 60 million participants, according to the Investment Company Institute.</p>
<p>With the 401k playing such a pivotal role in many Americans’ retirement planning, it’s important to have a solid understanding of how these plans work, their benefits and limitations, and strategies to optimize them. This comprehensive guide will delve into the key aspects of 401ks to empower you to make the most of this retirement-savings vehicle.</p>
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