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Sagot :
Final answer:
401(k) is a retirement account managed by the job, allowing contributions and investments for retirement.
Explanation:
401(k) is a retirement account managed by one's job where both the employer and employee make contributions, allowing individuals to invest in various vehicles for retirement savings. These plans are tax-deferred and portable, providing individuals the flexibility to carry them when changing jobs.
Learn more about Retirement accounts here:
https://brainly.com/question/32312320
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