Your new job came with a 401(k) and a form you do not understand
There is a list of funds, a percentage box, and a deadline to fill both in.
A 401(k) is a retirement account offered through an employer. What it holds, what the employer adds and when that money becomes yours are three separate questions.
Where Base Camp covers this
- Lesson 9: A fund that makes no decisions
- Lesson 13: You can have a 401k and own no investments
- Lesson 14: Your employer's money stops when yours does
Base Camp starts every reader at lesson 1 and sends one lesson a week, so it reaches these in weeks 9, 13 and 14. The tools below answer the basics today.
Tools
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Base Camp
One money concept a week, in plain English.
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Educational content. Not financial advice.