401(k)
A retirement plan made available by a company to its employees, featuring tax-deferred contributions and growth.
The plan may also include matching contributions by the company.
Caveat: many 401(k)s invest in the company's own stock; if the company has a bad enough year you could lose both your job and your retirement savings.
So you need to diversify your retirement account, even if you do take advantage of a 401(k).
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