It's my understanding that a 401k, 403b, and 458 (the latter two are for non-profits) are like a savings account, where you put the money and it can earn money for you. However they earn the money through stocks and stuff, and you can decide how much goes into what type of stock.
I'm going to follow this b/c that's the entirety of my knowledge of 401ks.
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branchandroot
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Date: 2009-01-05 07:56 pm (UTC)I'm going to follow this b/c that's the entirety of my knowledge of 401ks.