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What are two tax benefits of the 401k plan?

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one benefit is that you don't have to pay income taxes on the money contributed to the account or any growth it experiences until you withdraw the funds.
another benefit may be available to you with a 401k plan is a contribution match by your employer. with this benefit comes the term "vested". this refers to the amount of your employers contribution that you are entitled to should you leave the company.
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