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Kiplinger
Kiplinger
Business
Adam Shell

How to Open a 401(k): Five Rules to Follow

A young woman and man laugh in front of their office computer screens.

When you open a 401(k) retirement savings plan, you're showing some love to your future self. If you just landed a new job, congratulations! It's a great time to sign up for a 401(k) if your new employer offers one.

Even if you've been on the job for a while, you should still sign up. (No judgment; many people put off this task.) So, when you receive that inch-thick benefits packet, don’t toss aside the 401(k)-signup form and information guide like a piece of junk mail. The reason? Completing the 401(k) onboarding process and opening a retirement savings account is the first mile on the long road to a secure retirement.

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