Definitions for 401-k

This page provides all possible meanings and translations of the word 401-k

Princeton's WordNet

  1. 401-k plan, 401-k(noun)

    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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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

Sample Sentences & Example Usage

  1. Katherine Dean:

    When you take money out [of a 401(k)], that’s money that goes against getting a scholarship.

  2. George Walper:

    Some people turn off their 401(k) contributions immediately. They say I'm not going to put any more in.

  3. 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.

  4. Janet Yellen:

    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).

  5. Sharon Carson:

    The common wisdom is to withdraw money from the IRA or 401(k) last, but doing some of that in the early years - or doing some Roth conversion - can help.

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