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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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
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
When you take money out [of a 401(k)], that’s money that goes against getting a scholarship.
Some people turn off their 401(k) contributions immediately. They say I'm not going to put any more in.
Many groups have looked at Social Security or 401(k)s or tax preferences, we are looking at how the pieces interact as a system.
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.
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.
Images & Illustrations of 401-k
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