Five Things You Probably Don't Know About Your 401k (But Should)

Five Things You Probably Don’t Know About Your 401k (But Should)

US investors hold $10.4 trillion in assets of 401,000 in the first quarter of 2022, making 401,000 by far the popular choice for Americans saving for their retirement years.

With all that treasure hidden in 401k plans, you’d think retirement investors would take the time to find out exactly what’s in their retirement plans, so they can make informed savings decisions. and withdrawal.

Unfortunately, this is not a trend.

In fact, a recent study by Dream Forward, a 401k plan provider, showed that 63% of 401k plan holders “don’t understand 401k and financial terminologies.”

#Dont #401k

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