How Do Loans Work?
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How Do Loans Work?

Close to 80% of Americans have some form of debt, from credit cards to mortgages and personal loans. However, the terms of the loans vary for everyone. The type of loan, your credit score, and many other factors influence your ability to borrow money. To avoid borrowing more than you can afford, learn more about…

How Do 401(k) Plans Work?
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How Do 401(k) Plans Work?

A 401(k) is an employer-sponsored retirement plan that allows employees to dedicate a percentage of their salary to a retirement account. A 401(k) is a broader feature of an employer profit-sharing plan. Ideally, an employee elects the desired amount to contribute through an automatic payroll withholding, and their employers can match some or all of…