401(k): Does that mean I get $401,000 toward retirement?

401(k): Does that mean I get $401,000 toward retirement?

I had a good laugh the other day when my cousin asked me: "does a 401(k) mean I get $401,000 toward my retirement?" While this may be a silly question to some, it made sense he would think that. I mean, he is in high school and usually, a number followed by a 'k' means [...]

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