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401(k)sWhen you’re an adult, you get to do awesome things, like occasionally eating ice cream for dinner. But with that freedom comes responsibility – paying taxes, taking out the trash, and saving for retirement. And you should save for retirement! Every ten years you wait to start can cut your potential future nest egg by half.

Like many companies, the Fool offers a 401(k) program to its employees. What’s a 401(k)? It’s an investment account that allows you to contribute to your retirement directly from your paycheck before taxes are taken out. You pay taxes once you begin taking that money out of the account after you retire. Many companies (the Fool included) will match your contributions – if you set aside a certain percentage of your salary for your retirement, your employer will kick in a matching amount. It’s free money!

So why would people choose to miss…

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