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0.00164775277296919 -0.000224402128614455 0.000161569532602503 -0.00262871064948385 -0.00762967237289221 -0.0141681092517792 -0.00658459960248757 -0.0125024043085208
Stock impact report

401(k) plans and stock market volatility: What you need to know [Yahoo! Finance]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Yahoo! Finance
Retirement savings are crucial to the financial well-being of millions of especially older people in the U.S., so the concern is understandable. But just how worried should people be by market fluctuations? And just how big a hit do 401(k)s take when markets fall? The Conversation turned to Western Governors University's Ronald Premuroso , an expert in this area, for answers. Simply put, a 401(k) is an employer-sponsored retirement savings plan in which employees contribute a portion of their compensation on a tax-deferred basis. The employee is eligible at any age to contribute to a 401(k) plan and has the option to pay into these plans throughout their employment. Many employers match some or all of an employee's contributions, making the plan even more attractive. Under Internal Revenue Service rules, someone with a 401(k) is required to start making monetary withdrawals from their plan when they reach age 73 . Some people start withdrawing at an earlier age. Someone wit Show less Read more
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