Please explain 401k to senior with new job

Please explain 401k to senior with new job I’m 72 and just started a new job in April. It’s been years since I’ve worked, and I have never contributed to 401k before. I just received my 401k packet, and have questions. This is what I DO understand: 1) I need to choose to not contribute, or contribute. 2) If I do nothing, they will automatically contribute 3% 3) I can choose to contribute...

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