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401(k)
(redirected from 401k)

   Also found in: Financial, Wikipedia 0.01 sec.
401(k)  (fôr-wn-k, fr-)
n.
A retirement investment plan that allows an employee to put a percentage of earned wages into a tax-deferred investment account selected by the employer. Also called salary reduction plan.


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But, even if its seems like a minuscule amount, every little bit you can put towards savings or your 401K will benefit you and your family in the long run, because investing in these things is like paying yourself.
Possession of One or More IRAs or 401k Plans The possession of one or more IRAs or 401k plans is a clear indication that your estate could benefit from the creation of an estate plan.
Corporate 401K Experts say that 401K contributions combined with another pension investment option such as individual retirement accounts (IRAs) are enough for guaranteeing you a comfortable retirement.
 
 
 
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