401k investing strategy | 401k Retirement Plan

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401k Investing Strategy
Understanding Your 401K A 401K is a retirement
plan sponsored by your employer. The
contributions made is considered tax deductible
because you can save a portion of your paycheck
before taxes are taken out, which reduces the
amount of taxes you pay.
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Below are some scenarios where you may not incur
the 10 penalty.

• Permanent disability of the participant.
• Qualified 1st time home buyer for owner occupied
  property (taken out as a loan).
• Qualified military reservists called to active
  duty.
• Rollover of your 401K to another qualified IRA
  plan for previous employers. You will not be
  allowed to rollover your 401K for an employer you
  currently work for.

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Why Save for Retirement?
As the aging population continues to grow older
and living longer, we are more likely to spend a
longer period in retirement. Below are
statistical data. 1970 Men spent an average of
11.3 years in retirementWomen spent an average
of 15 years in retirement 1990 Men spent an
average of 15.5 years in retirementWomen spent
an average of 19.1 years in retirement 2016 Men
spent an average of 17.2 years in
retirementWomen spent an average of 20.6 years
in retirement
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