Savings and Investments

Investing For Retirement

What is a 401k Plan?

It is a corporate retirement plan which allows employees to set aside a certain percentage of their income, tax deferred up to a limit, and withdraw from this account when they retire. It also allows companies to match a certain percentage of the employees’ income up to a limit, and also contribute to the account.


This is a web preview of the "The Handy Personal Finance Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App