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Five 401(k) tips for youngest clients College graduates who are working for the first time should take advantage of the 401(k) plan that their employer provides by contributing to it as soon as they can, according to this article on CNBC. Their contribution should be enough to get their employer's matching contribution, and they should pick low-cost investment options, such as ETFs and index mutual funds. New 401(k) participants are advised to seek professional advice or the managed account service offered by the plan, and they should choose a target-date fund if their plan has no advice component. They should also keep in mind that a regular 401(k) plan and a Roth 401(k) are subject to different tax treatments, which will affect their tax situation. — CNBC

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