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Defenition of the word 401-k

    • Defenition of the word 401-k

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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn at which point they can be c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from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments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

    Synonyms for the word 401-k

      • 401-k plan

    Hypernyms for the word 401-k

      • pension account
      • pension plan
      • retirement account
      • retirement plan
      • retirement program
      • retirement savings account
      • retirement savings plan

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