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The Future of Business is Changing
Read more from our writers on how we think our future business world and what you can do to prepare for the change.
What Could President Biden’s Proposed Changes to 401(k) Plans Mean for You?
The 401(k) plan was introduced in 1978, and since then has become one of, if not the, most popular retirement plan in the US. 401(k) retirement plans are offered by employers, and give employees the opportunity to save for retirement while they earn. 401(k)s also offer a tax break on employee income—income set aside in a 401(k) is not taxed until it is withdrawn years later. Some employers will match a percentage of an employee’s contribution incentivizing the use of these plans.
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