Myth 001 · Accounts vs. Investments
“The 401(k) is the investment.”
- Reality
- A 401(k) is an employer-sponsored retirement plan that typically offers a menu of investment options.
- Why it persists
- The account label appears on statements and in everyday speech, so the container and its holdings blur together.
- Better question
- What account do I have, what does it own, and which rules govern each layer?