401(k) is a type of savings account for retirement. Basically, you have a portion of your paycheck deposited into the account and it gets invested in such things as stocks and bonds. The idea is to make a lot of money through the investing so you can live well when you retire. As you may know, the US stock market is doing terrible right now which means that a lot of people have seen very large amounts of their 401(k) money disappear. I know I’ve lost almost half of mine. But anyway, I hope this helps you understand the comic.
margueritem over 15 years ago
I hear that’s going around..
HerrB over 15 years ago
Can someone explain 401(k) to a German?
crewboi over 15 years ago
401(k) is a type of savings account for retirement. Basically, you have a portion of your paycheck deposited into the account and it gets invested in such things as stocks and bonds. The idea is to make a lot of money through the investing so you can live well when you retire. As you may know, the US stock market is doing terrible right now which means that a lot of people have seen very large amounts of their 401(k) money disappear. I know I’ve lost almost half of mine. But anyway, I hope this helps you understand the comic.
HerrB over 15 years ago
tnx, crewboi!