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Message: <blockquote data-quote="Mistwell" data-source="post: 417076" data-attributes="member: 2525">401K refers to a law in the United States that allows for tax-free investment of personal funds in various stocks and other kinds of investments to generate money specifically for the purpose of retirement.  Most mid to large size corporations in the US have a 401K benefits program that lets their employees have part of their pay check go to this kind of retirement investment funds, and often the company will match a portion of the money going into the account each month.Right now the stock market (and other related markets) are doing very poorly.  In fact, most 401K accounts are losing money right now, rather than gaining money.  So some people have stopped putting money into their 401K accounts.  Also, you can pull money out of your 401K account, with some penalties.  Apparently Some people are quitting their jobs, pulling money out of their 401K accounts at a penalty (figuring they were losing money in those accounts anyway) and starting small gaming companies.  It's gambling with your retirement, but hey, risk is the American way!</blockquote>