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[quote=Anonymous]Hi all-
I just started a new position where I have a 401k option.  I've never had a 401k, so I wasn't totally sure how they worked.  I just got my paperwork in the mail with how and where to enroll.  
I was under the impression it was basically just an account where I send a percentage of my paycheck, and my employers matches 3%.  Bing bang boom.  However, in the paperwork it lists my options for the 401k-
- Domestic Equities (Spartan 500 index fund- Fidelity Advantage Class), JP Morgan Large Cap Growth Fund, T Rowe Price Mid-Cap Growth Fund Advisor Class.. and a few others)
- International / Glodbal Equity (American Funds EuroPacific Growth Fund Class R-4, T Row Price Emerging Markets Stock Fund)
- Specialty (Cohen& Steers Realty Shares Fund)
 and then Lifecycle Funds: all T Rowe Price - Target date 2000-2014, Target date 2015-2030, Target date 2031+

However.... I was under the impression that "LifeCycle" Funds were Roth IRA's.  I thought 401k's and IRA's were two separate things.  Yes, I know I can google this, and I am, but I still am not seeing it in black and white.

Any help?[/quote]

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