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Why are plans important?

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Anonymous

13y ago
Updated: 3/28/2023

They are important because they're helping you plan for your retirement. Social Security is not guranteed and 401k accounts allow you to set aside monies (Normally on a pre-tax basis lessening your taxable income.) to plan for your own retirement. Some plans also offer luxuries such as loans and in-service withdrawals. (Possibly only for safe-harbor criteria.)

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