Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
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The Benefits of Safe Harbor Contributions
A lot of small businesses didn't do 401ks because they were worried about all the testing requirements, the complexities, the costs that went into this. So we have safe harbor contributions that are immediately vested. Another type of vesting that you may have on employer dollars they put in is you might have what's called cliff vesting. You have to work there for at least three years before that money is 100% your money.
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