What is a 401k retirement plan?

Answer 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 »

Top Q&A For: What is a 401k retirement plan

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 »

IRA & 401k Retirement Rules?

The IRA and 401k are tax-deductible retirement savings plans. A 401k is an employer-sponsored plan. You can contribute a portion of each paycheck into your 401k. You have to enroll in the 401k t... Read More »

What is a 401k plan?

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 »

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 »