On 1/8/2016 7:21 AM, S Viemeister wrote:
> On 1/8/2016 7:04 AM, Ophelia wrote:
>>
>> All our assets are joint too but we still have wills. I don't know what
>> a 401k is.
>>
>
> A tax-deferred retirement account.
>

Many companies no longer offer the traditional pension and it has been
replaced by the 401k plan. The employee has some control over how it is
invested. Usually, both employee and employer contribute and if you
change jobs you take it with you.