A 401(k) plan is the common name in the USA for the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Taxation Code. Under the plan, retirement savings contributions are provided by an employer, deducted from the employee's paycheck before taxation, and limited to a maximum pre-tax annual contribution of $17,500. Alternative employer-provided defined-contribution pensions include 403 and 401, offering higher mandatory limits.
The numerical value of 401(k) in Chaldean Numerology is: 2
The numerical value of 401(k) in Pythagorean Numerology is: 2
Sample Sentences & Example Usage
The economic and financial news has been grim, things are now so bad that I actually open the Greenbook with greater trepidation than my 401(k).
We know that 401(k) participants are guilty of excessive extrapolation - they like to look at how good things have been, and assume it will just continue that way.
The mutual fund industry supports these efforts and clear disclosure of all fees and expenses in connection with any rollover of assets from a 401(k) plan to an IRA.
You can tell HR, I want to put 50 percent of my (extra) paycheck into my 401(k). It's usually pretty flexible, you can even have a whole paycheck go in and then be done contributing for the year.
If you’re thinking about borrowing from your 401(k) plan or any lending institution, be really strategic about your borrowing, understand why you think tapping into your 401(k) or borrowing money is important. Think about why you’re investing in your 401(k) in the first place. It’s because it’s a very efficient way to save for your retirement.
Images & Illustrations of 401(k)
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