*While bank savings accounts and money market funds can both offer high liquidity and provide additional income in the form of interest and dividends, they come with material differences that should be considered before investing. For example, savings accounts may offer overdraft protection, ATM access (immediate access to your money), and other convenience features, whereas money markets may offer a more competitive yield in exchange for a very low level of risk.
**When taking withdrawals from a tax-deferred plan before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax.
All investing is subject to risk, including the possible loss of the money you invest.
For more information about Vanguard funds, obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
Vanguard Digital Advisor charges Vanguard Brokerage Accounts an annual gross advisory fee of 0.20% for its all-index investment options and 0.25% for an active/index mix. This service reduces those fees by the amount of revenue that Vanguard (or a Vanguard affiliate) retains from your portfolio in order to calculate your net advisory fee. Note that this fee doesn't include investment expense ratios. Please review each service's advisory brochure for more fee information.
You should consult your plan fee disclosure notice for the applicable annual gross advisory fees that apply to your 401(k) account.