What Is a 401(k)?

What exactly is a 401(k), and what do you need to think about when you sign up for one? Let’s break it down.

In this episode of our Personal Finance 101 series, we break down what exactly a 401(k) is, and what you need to think about when you sign up for or contribute to one.
By Lee Bohl
Schwab Photo By Charles Schwab
By Joanna Payne
By Carrie Schwab-Pomerantz
By Michael Iachini
photo By Michelle Gibley
Liz Ann Sonders By Liz Ann Sonders
By Schwab Center for Financial Research