401-k definition

  • noun:
    • a retirement cost savings plan that's financed by staff member contributions and (often) matching contributions from workplace; contributions are made from your wage before fees additionally the resources develop tax-free until they've been withdrawn, of which point they could be converted into an IRA; resources are transmitted in the event that you change businesses and you can (to some degree) handle the assets your self

Related Sources

  • Definition for "401-k"
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  • Quotes for "401-k"
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