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hey guys this is eric in this video ill go over whats a 401k and how it works and ill take inside my 401k account and show you how to pick investment for your 401k [Music] so 49k is an employer retirement account to be used during retirement starting at age 60. it allows employees to contribute up to 50 of their salary towards investment such as bonds and mutual funds and this investment is invested properly will grow taxes over time allow employees to draw their money to use by time theyre 60. and there are six key things to know about the 401k that you wont want to miss first is the country is automatically taking out the paycheck and deposit into the account for investing on a weekly or a bi-weekly basis depending on how often you get paid and you can contribute up to 19 500 annually and for me this is a great way to automate your investments because money will be taken out automatically and get deposited into your bank account so that means you wont see this money and so you
