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Fidelity 401k Investments: Mutual Funds, Money Market Funds, 401k Accounts And Net Benefits
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Published: December 5, 2006
Many people at least partially depend on a 401k plan as an eventual source of financial support once retirement approaches. Established in 1981, millions of people have participated in 401k plans. Fidelity 401k Investments remains a leading 401k company.
Before discussing Fidelity Investments, it may prove helpful to give a little background information on the 401k plan itself.
In simple terms, a 401k describes a kind of retirement plan in which an employer deducts a certain amount of money from an employee’s paycheck before taxes are calculated. That money then gets invested into the plan. Each employee possesses the discretion of deciding upon exactly what amount of money should be subtracted from each paycheck and contributed to the plan.
Every year, the United States government sets a limit on the maximum amount someone can contribute to his or her 401k plan. In 2006, for example, the government established a $15,000 limit. The primary advantage of participating in a 401k retirement plan lays in the fact that contributions to the plan get deducted before income taxes are taken into consideration. Therefore, an employee gets taxed on a lower income total, meaning they pay less in taxes per paycheck.
Fidelity 401k Investments is one of the largest mutual funds companies in the United States and the nation's number one provider of 401k plans. Millions of people contribute to Fidelity 401k investments as part of a retirement plan.
Fidelity 401k investments accounts may be a better option for some people than other savings plans, such as company profit sharing. Many times, employees have the benefit of ‘company match' contributions. This means the employer will match the value of the employee's contributions; it serves as a great motivation for employees to participate in 401k plans.
Some may opt for a Fidelity Money Market Funds option. Fidelity Money Market Funds invest in high-quality, short-term debt instruments and maintain a dollar-weighted average portfolio maturity of 90 days or less. These funds strive to establish a steady $1 price per share.
The conveniences of the Internet now apply to one's retirement plan as well. With Fidelity Investments’ NetBenefits option, one can manage a 401k from the convenience of a computer connection. With NetBenefitsm one can review investment funds available for their plan, rollover to a new plan and receive a loan.
Fidelity's customer assets reached $2.7 trillion as of September 30, 2006. Clearly, many are taking steps to ensure their financial security during retirement.
Sources:
Fidelity: The basics of a 401(k) plan. 2005. FMR Corp. 3 Dec 2006 <https://401k.fidelity.com/401k/about/basics.ht m>.
Fidelity Investments Corporate Fact Sheet. 2003. FMR Corp. 3 Dec 2006 <http://personal.fidelity.com/myfidelity/Inside Fidelity/NewsCenter/quickFacts/quickFacts.shtml.cv
Before discussing Fidelity Investments, it may prove helpful to give a little background information on the 401k plan itself.
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Every year, the United States government sets a limit on the maximum amount someone can contribute to his or her 401k plan. In 2006, for example, the government established a $15,000 limit. The primary advantage of participating in a 401k retirement plan lays in the fact that contributions to the plan get deducted before income taxes are taken into consideration. Therefore, an employee gets taxed on a lower income total, meaning they pay less in taxes per paycheck.
Fidelity 401k Investments is one of the largest mutual funds companies in the United States and the nation's number one provider of 401k plans. Millions of people contribute to Fidelity 401k investments as part of a retirement plan.
Fidelity 401k investments accounts may be a better option for some people than other savings plans, such as company profit sharing. Many times, employees have the benefit of ‘company match' contributions. This means the employer will match the value of the employee's contributions; it serves as a great motivation for employees to participate in 401k plans.
Some may opt for a Fidelity Money Market Funds option. Fidelity Money Market Funds invest in high-quality, short-term debt instruments and maintain a dollar-weighted average portfolio maturity of 90 days or less. These funds strive to establish a steady $1 price per share.
The conveniences of the Internet now apply to one's retirement plan as well. With Fidelity Investments’ NetBenefits option, one can manage a 401k from the convenience of a computer connection. With NetBenefitsm one can review investment funds available for their plan, rollover to a new plan and receive a loan.
Fidelity's customer assets reached $2.7 trillion as of September 30, 2006. Clearly, many are taking steps to ensure their financial security during retirement.
Sources:
Fidelity: The basics of a 401(k) plan. 2005. FMR Corp. 3 Dec 2006 <https://401k.fidelity.com/401k/about/basics.ht m>.
Fidelity Investments Corporate Fact Sheet. 2003. FMR Corp. 3 Dec 2006 <http://personal.fidelity.com/myfidelity/Inside Fidelity/NewsCenter/quickFacts/quickFacts.shtml.cv
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