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How does an 801k plan work?

Updated: 9/11/2023
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Herb123

Lvl 1
11y ago

Best Answer

It's just a glorified way of calling a dividend reinvestment plan (DRIP). They've been around for a long time. The trick is finding the right investments that return double that of a 401k, hence the term "801k" (for which there is no IRS code named after it).

To read more about the 801K, visit the Related Link.

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11y ago
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