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401(K) Plan

Natalie King Period 8 Date : 4-23-10 EXER 2r3-retire401k. 401(K) Plan. Upton Investment Group. OVERVIEW. What is It? How does it work? Loans/Withdrawals A Great Way To Save Managed by Professionals. WHAT IS IT?. Type of retirement plan for employees of participating companies

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401(K) Plan

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  1. Natalie King Period 8 Date: 4-23-10 EXER 2r3-retire401k 401(K) Plan Upton Investment Group

  2. OVERVIEW • What is It? • How does it work? • Loans/Withdrawals • A Great Way To Save • Managed by Professionals

  3. WHAT IS IT? • Type of retirement plan for employees of participating companies • Save and invest money deducted from paycheck • Established by Federal Government in 1981

  4. HOW DOES IT WORK? • You decide how much to deduct from each paycheck • There is a legal maximum • Deductions are not taxed • You decide how to invest the money

  5. LOANS/WITHDRAWALS • Depending on your 401(K) plan rules, you can borrow money from your account • Withdrawals are restricted • Money is for retirement, after age 59 ½ • Withdrawals are subject to a 20% tax • Possible additional 10% early withdrawal penalty

  6. MANAGED BY PROFESSIONALS

  7. A GREAT WAY TO SAVE

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