Intermediate
Workplace plans basics
401(k) and IRA as vocabulary — educational, not tax or enrollment advice. Education only — not a recommendation to buy, sell, or hold anything.
401(k) as a word
Employer-sponsored retirement plan label. Contributions, matching (if any), and investment menus vary by plan. This is not advice to enroll or allocate.
IRA as a word
Individual retirement account — a tax-advantaged wrapper category with contribution rules that change over time. Literacy = knowing it is a wrapper, not an asset.
Wrapper vs investment
- Account type ≠ what you hold inside.
- Risk still comes from holdings and behavior.
Lab boundary
No tax advice, no enrollment coaching, no product picks — vocabulary for adult financial literacy only.