This article discusses at length the full process of creating a 401k. You will find a number of videos that reinforce the concepts presented in this reading. Please watch these. For example, at the end of the introduction on page 1, there is a short video from an investment professional at Putnam Investments who talks about how Americans are hurting their financial futures by using their 401ks during the economic crisis that began in 2008. On page 2 of the article, you will find an illustrative chart as well as various financial calculators that will help you enhance your understanding of the financial impact saving and investing your money will have on your future. Although some of the information contained in the article is a bit outdated, the general premise of a 401k is described well.

 How 401k's work (Webpage)

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