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2. 401(k) - Wikipedia

   en.wikipedia.org/wiki/401(k)

   401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.

3. A complete guide to 401(k) retirement plans: What is a ... - AOL

   www.aol.com/finance/complete-guide-401-k...

   Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...

4. 401(k) withdrawal rules: What to know before cashing out ...

   www.aol.com/finance/what-are-401k-withdrawal...

   The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

5. 5 money misconceptions that American retirees make over and ...

   www.aol.com/finance/5-money-misconceptions...

   The purchase is made with pre-tax dollars; your funds will then be invested and any growth will be tax-free. (However, withdrawals are taxed and there’s a penalty if funds are withdrawn before ...

6. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Like a 401(k) plan, the SIMPLE IRA is funded by a pre-tax salary reduction. However, contribution limits for SIMPLE plans are lower than for most other types of employer-provided retirement plans. SEP IRAs. A Simplified Employee Pension Individual Retirement Account, or SEP IRA, is a variation of the Individual Retirement Account. SEP IRAs are ...

7. Mutual of America - Wikipedia

   en.wikipedia.org/wiki/Mutual_of_America

   The company had $26.4 billion in total assets under administration and served more than 500,000 401(k) and 403(b) retirement plan participants from more than 5,000 clients nationwide, as of December 31, 2023. Mutual of America is the majority owner of its corporate headquarters building at 320 Park Avenue, which it purchased in 1992.