A 401k is a tax deferred retirement savings account which allows an individual to save for retirement on a pre-tax basis. Not only are the contributions tax free, but as the account balance grows, the interest income is also tax free. The 401k balance is not taxed until the owner of the account begins to… [Continue Reading]
Contributing to your 401(k)
December 7, 2008 By
A 401K is a popular savings plan that accumulates money towards retirement. Most consider a 401K to be a straightforward way to save for retirement, and it is ideal for individuals who do not want to make risky investments. These long term plans are generally available only through an employer. The employee must indicate how… [Continue Reading]
