@ramseyinvesting: A 401(k) is a retirement savings account you can have through your employer. Here's how it works: - Money comes straight out of your paycheck before it even hits your bank account, and goes into your 401(k), where it gets invested (usually in mutual funds) so it has a chance to grow over time. - There are 2 types of 401(k)s: Traditional and Roth. We'll break those down in our next post! - The best part of a 401(k) is the employer "match": many employers will add money (a percentage) on top of what you put in. That's free money! - You get to choose how your money is invested from a menu of options your plan offers, and then you just leave it alone and let it grow. That's the real power of a 401(k): compound growth over decades, where the longer your money sits, the bigger the payoff! #retirement #wealthbuilding #investingforbeginners

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Wednesday 23 September 2026 17:25:00 GMT