Good luck finding someone, coldfused. Don't mind them, they're just being facetious.
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Originally Posted by coldfused
401(k) is a type of employer-sponsored retirement plan. Sorry for the confusion. Salary will be negotiated accordingly.
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Yeah, you crazy Brits.
It's a retirement account where you contribute a certain amount every month and generally your employer matches a certain percentage of your contribution. Then the 401K company will invest your money as you request - from aggressive investing (mostly stock market) to conservative investments like government bonds and such.
For example, I contribute 7% of my income to my 401K. My employer matches up to 3%, so my total monthly contribution is 10% of my income. Then, I get quarterly reports on how well my money's doing.
With a moderately aggressive portfolio, I made $50 last quarter...woohoo. Lost $30 the quarter before that. Fucking stock market.
That reminds me, I should roll my old state-funded retirement account from my last job into a Roth IRA...