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Raymond Cheung's Articles in Mutual Funds

  • Understanding the Pros and Cons of 401(k) Retirement Planning
    One of the most popular retirement plans operational in the USA and other developed countries which work on similar financial basis, 401(k) Retirement Plan is the first thing that comes to mind when an individual is planning to retire from active working life. First introduced in 1978 by IRC, or the Internal Revenue Code, the primary focus of the 401(k) Retirement Plan is to offer tax benefits to the individual on the sum of money which he is not withdrawing from his salary, but putting it aside for using after retirement. Currently this plan is implemented by the Employee Benefits Security Administration or ESBA under the Department of Labor.

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