Traditional and Roth 401K Plans
What does 401K stand for? How much can you contribute to a 401K per year? When can 401K savings be withdrawn? Is a 401K taxable? A 401K plan is sponsored by an employer as a retirement savings plan for an employee. It's a defined-contribution plan, meaning that the balance in the employee's acount depends on contributions made to the plan and the performance of plan investments. The employer is usually not...
Share on:
