What is a 401k plan?

Answer According to the Investment Company Institute, on November 10, 1981, the Internal Revenue Service amended the U.S. tax code to allow for the creation of a tax-advantaged investment account known as... Read More »

Top Q&A For: What is a 401k plan

What is a Roth 401k plan?

Retirement is a portion of everyone's financial life, and your personal planning and preparation define whether this is a pleasant time in your life. There are many ways to help you save for retire... Read More »

What is a 401k retirement plan?

A 401K is a retirement account that is set up through an employer and allows you to make regular contributions. Sometimes your employer will match certain contribution amounts, which means that you... Read More »

What Is the Basic Structure of a 401K Plan?

Employers often offer 401k plans to help employees save for retirement. Both employers and participating employees contribute to the accounts, which employees can then invest in stocks, bonds, CDs ... Read More »

What percentage of Americans have a 401k retirement plan with the IRS?

The Internal Revenue Service is a tax collection agency for the United States government and thus offers no retirement plans of any type, including 401ks. Although many Americans have 401k plans,... Read More »