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401k

The term 401K refers to this type of retirement plan. In this type of account, an employer establishes an investment account through an investment broker or planner. The employee is able to contribute pretax dollars to the account. The funds are not taxed prior to going in the retirement account. Some employers elect to provide a match, which means that they will match the employee's contributions to their 401K to a certain extent. The government does not require 401K investments reported as income at the time of investment. Rather, the funds will grow tax deferred until removal during retirement. This is one of the most common forms of retirement planning vehicles, because of the tax advantages it offers.

Fast Facts

  • By the end of the year in 2001, 401K retirement plans held an estimated $1.75 trillion in assets.
  • During 2001, 16 percent of the 10.9 trillion dollars worth of United States retirement market accounts were held in 401K plans.

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401k - Financial Planners, Articles and Q&A

Search Results for "401k"

Articles

Results 1-5 of 6 for "401k"

  • 401k Rollover Rules

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  • Roth 401k Rollover

    What you need to know about Roth 401k Rollovers Have you thought about your future finances and retirement pl...
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    In the world of finances, there is one thing everyone is sure of: everyone retires.  Every single person in th...
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    All American individuals and families have dreams.  Many persons have put off pursuing their dreams for their ...
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