[{"data":1,"prerenderedAt":61},["ShallowReactive",2],{"term:401k":3},{"term":4,"related":48},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":34,"navigation":35,"path":36,"related":37,"seo":41,"stem":42,"takeaways":43,"__hash__":47},"terms\u002Fterms\u002F401k.md","401(k) Plan",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-401k-plan","Understanding 401(k) Plan",[16,17,18],"p",{},"A 401(k) lets employees save part of each paycheck for retirement, before taxes in a traditional 401(k) or after taxes in a Roth 401(k).",[16,20,21],{},"Many employers add a matching contribution, which is effectively part of your pay.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"retirement","An employer-sponsored U.S. retirement plan funded through payroll contributions.","md",[31],{"q":32,"a":33},"Should I contribute enough to get the full match?","For most people, yes: an employer match is an immediate return on the money you put in.",{},true,"\u002Fterms\u002F401k",[38,39,40],"ira","compound-interest","asset-allocation",{"title":6,"description":28},"terms\u002F401k",[44,45,46],"A 401(k) is a workplace retirement plan.","Employer matches add free money to your savings.","Early withdrawals usually face taxes and penalties.","Y_oVV1zOrHEf_a0KbZl9Sk-50puNCD9sJ_PAZce4LRw",[49,53,57],{"title":50,"description":51,"path":52},"Asset Allocation","How a portfolio is split across asset classes such as stocks, bonds, and cash.","\u002Fterms\u002Fasset-allocation",{"title":54,"description":55,"path":56},"Compound Interest","Interest earned on both the original principal and on interest already earned.","\u002Fterms\u002Fcompound-interest",{"title":58,"description":59,"path":60},"Individual Retirement Account (IRA)","A tax-advantaged U.S. account for retirement savings.","\u002Fterms\u002Fira",1793226379121]