![]() ![]() ![]() The value of your account will fluctuate based on the performance of those investments. The money you keep in your 401(k) account is invested in various instruments, such as mutual funds, bonds, and stocks. In other words, a 401(k) can reduce your taxable income, which can reduce the taxes you have to pay for the years in which you make those contributions. You can contribute a portion of your salary to the plan on a pre-tax basis, meaning that the money is taken out of your paycheck before your taxes are factored in. Understanding your 401(k)Ī 401(k) is a long-term retirement savings plan that many employers offer. Using Quicken to track your 401(k), you can keep up with your saving goals and work toward a secure financial future. Quicken’s user-friendly interface makes it easy to understand your 401(k) and take control of your retirement planning. With Quicken, you can also set and track a budget for your 401(k) contributions, monitor the allocation of your investments, and evaluate your investment strategy to make informed decisions about your retirement savings. Review how each account is doing individually, or get a comprehensive view of your entire portfolio, even across different financial institutions. See your current balances, recent transactions, and investment performance of your 401(k), IRA, brokerage accounts, and more. Quicken can be a valuable tool for tracking all your investments, including your retirement savings. ![]()
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