What is a 401(k)?
A) A retirement savings plan
B) A type of mortgage
C) A visiting program
D) A type of insurance
What is a 401(k)?
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What is a 401(k)?
A) A retirement savings plan
B) A type of mortgage
C) A visiting program
D) A type of insurance
A) A retirement savings plan
A 401(k) is a retirement savings plan offered by many employers that allows employees to save and invest a portion of their paycheck before taxes are taken out. This plan helps individuals save for their retirement while potentially receiving employer matching contributions.