Programming note: Money Stuff is off for the next two weeks, Elon permitting. We’ll be back August 25.
401(k)
Historically one way to save for retirement is that you work at a company for a few decades, and the company pays you a salary, and then you retire, and the company keeps paying you a pension. The company has an obligation to pay you a certain amount every month, and it funds that obligation by putting money aside and investing it to make sure it has enough money to pay you. If it invests the money really well, it ...
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