radix655
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What happens to the 401K if the company is bankrupt?
What happens to the 401K if the company is bankrupt? Why did they call it 301k during the end of 2007 when many people lost jobs and companies got bankrupt? Why is 401k so popular? Is 401k only the good way to investing in future?
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2. If the 401k bought shares in the sponsor company? Who will buy shares from my 401k account?