What is a 401 k plan?

Armando Almeda Oceanside, CA

Answers


Alhjan Meor

The liquidity in a 401k plan is the amount that is vested that you are able to borrow from,transfer or withdrawal. Enjoy your day!


Noreen Bockelman

In the United States, a 401(k) retirement savings plan allows a worker to save for retirement and have the savings invested while deferring current income taxes on the saved money. This type of plan is also known as a "traditional" 401(k).


Zane Farley

A 401K plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings.


Luis Spitzer

A 401k plan is one established by employers to which eligible employees may make salary deferral on a pretax basis.

Do you know the answer?

Login or Sign Up to answer this question.

data-config-site-section="chacha">

Related Questions

See All Questions

Last Week's Popular Questions

See All Questions