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What you Need to Know About a 401K Plan.  
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Tags: 401K, employment, Employee, Job Savings, Personal Finance, Saving for the Future, Retirement Plans

If you are just getting into the work force, or maybe just getting a job which offers you a 401K plan here is all you need to know about it.

	It's one of the very best ways to save for your retirement. Few alternatives are better.
	There's a good chance that your employer will give you money for participating in the company plan.
	You should start contributing to your retirement plan as soon as possible.
	If you are more than 10 years away from retirement, you'd probably fare best by putting all of the money that you defer into an equity index fund.
	Participating employees choose to take home a smaller paycheck because there are several major advantages to saving for retirement through a 401(k), including:Immediate tax savings on contributions; Tax-deferral of any investment earnings; In-service loans and withdrawals; Free money
	The typical investment choices in a 401(k) plan are likely to be: Money market funds; Stable value accounts (guaranteed investment contracts (GICs) or bank deposit accounts); Bond mutual funds; Stock mutual funds

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