4 Frequently Asked 401(k) Questions

Even though the average American doesn't have a 401(k), it's still one of the most effective retirement savings tools out there. If you're not familiar with how 401(k)s work, here are the answers to some of your most pressing questions.

At first glance, the idea of funding a 401(k) may not hold much appeal. After all, you're agreeing to take a chunk of your earnings and lock it away for what could be several decades' time. But in reality, there are multiple benefits to saving in a 401(k).

IMAGE SOURCE: GETTY IMAGES.

Source: Fool.com