FAQs

Click on a question to view the answer.

What is a 401k plan?
How does my 401k plan help me?
How much money am I allowed to contribute each year?
What does vesting mean?
What types of risk will my money be exposed to?
What happens to my 401k money if I switch jobs?
Can I roll my 401k money from my old job into my new company's plan?
What is the penalty if I take money out of my 401k before I'm 59 1/2?
How is the 10% penalty tax calculated?

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