Definitions for 401-k
401-k

Princeton's WordNetRate this definition:0.0 / 0 votes

1. 401-k plan, 401-knoun

   a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself

ChatGPTRate this definition:0.0 / 0 votes

1. 401-k

   A 401(k) is a type of retirement savings plan sponsored by an employer. It allows employees to save and invest a portion of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account. It's named after section 401(k) of the Internal Revenue Code.

Matched Categories

1. • Pension Plan

How to pronounce 401-k?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say 401-k in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of 401-k in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of 401-k in Pythagorean Numerology is: 2

Examples of 401-k in a Sentence

1. Adam Vega:

   Somebody earning $300,000 is still considering a 401(k) strategy, it's more about the tax benefit - not that they need to save more money.

2. Hattie Greenan:

   [ The Employee Retirement Income Security Act ] protects 401( k) assets that have been deposited and are fully vested if the employer files bankruptcy.

3. John Boltons:

   We, on the other hand, trust our fellow Americans to choose their candidate... and let the American people choose, maybe theyre concerned that the American people like historically low unemployment, maybe the American people like that their 401( k) s have [ grown ].

4. Kate McBride:

   Any advice to do a rollover must now be in the best interest of the investor, it means that many people will stay in their 401(k)s instead.

5. Steven Mnuchin:

   Everybody wants to keep it open. We may get to a point where we shorten the hours, if that's something they need to do, but Americans should know that we are going to do everything that they have access to their money at their banks, to the money in their 401(k)s, and to the money in stocks.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=401-k
2. ^ ChatGPT
   https://chat.openai.com