Decoder · Accounts

401(k)

A retirement account offered through an employer. Money goes in straight from your paycheck, often before income tax, and the employer sets the menu of funds you can choose from. The 2026 limit on what you can put in is $24,500 (more if you are 50 or older). Your employer's plan is usually step one or two of the order because of the match.

For your first $100: If your job offers a 401(k) with a match, that match is the highest-returning 'investment' you will ever be offered. Your first $100 of retirement saving usually belongs there — up to the match.

403(b), in plain words Employer match, in plain words Vesting, in plain words

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See this word inside your order