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Leonard Pokrovski

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2025-09-30 21:14:34 -

What is a 401(k)?
What is a 401(k)? A 401(k) is a retirement savings plan offered by many employers in the United States, designed to help workers set aside money for their future. Named after a section of the U.S. Internal Revenue Code, a 401(k) provides employees with the opportunity to contribute a portion of their earnings into an investment account, often with significant tax advantages. How a 401(k)...

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Leonard Pokrovski

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2025-09-30 21:10:56 -

What is an IRA?
What is an IRA? An Individual Retirement Account (IRA) is a type of savings account designed to help people set aside money for retirement with tax advantages. Unlike a regular savings or investment account, an IRA provides special benefits that can help your money grow faster over time, making it one of the most popular retirement planning tools in the United States. How an IRA Works At its...

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