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Introduction to How Your 401(k) Plan Works

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The 401(k) plan is becoming the plan we think of most when we think of retirement plans.

What you will learn

  • 401(k) Plans versus Traditional Pensions
  • Understanding the Details of Your 401(k) Plan
  • Finding the Right Mix for Your 401(k)

What do you know?

Introduction to How Your 401(k) Plan Works

The retirement savings landscape is increasingly cluttered. It includes Social Security, different types of employer-sponsored plans, individual retirement accounts, and taxable accounts.

Here we’ll cover what is quite possibly the easiest money in retirement planning: the 401(k) plan. If your company offers a 401(k) plan, contribute to it. With a little effort, the payoff can be considerable. We will focus on the traditional 401(k) in this course.