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What is a 401 k retirement plan?

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it is a retirement plan wherein employees have a right to agree to a reduction in salary in exchange for a comparable employer contribution to a qualified trust. The amount deferred and accumulated investment earnings are excluded from current income and are taxed only when distributed.
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Is a 401 k a pension plan or an annuity?

It is a retirement account but it is different from a standard pension, in that the contributions are made by the employee and the distributions are regulated as tax-deferred

What entitles spouse to 401 k in divorce?

It all depends on which state you have resided in for the past 90 days. If the state is a community property state, the all funds which were contributed from the date of marri

What is a 401(k) plan?

A 401(k) is a retirement savings plan that is sponsored by an  employer.

What does the k in 401 k stand for?

401k is a section of the US Tax Code which describes a particular retirement plan. Section 401a describes a different plan. The letter is a subsection of chapter 401 of the Ta

What is the US Senate retirement plan?

  Senators are covered by the Federal Employees Retirement System (FERS) or Civil Service Retirement System (CSRS). As it is for federal employees, congressional retiremen

Is there a retirement plan for wedding planners?

  Answer   No probably not, because being a wedding planner is chiefly a self employed job you would need to set up your own retirement plan with a bank, or with a r

Does the earnings ceiling of 34440 that Social Security uses include deferred income such as money set aside for medical expenses in a cafeteria Plan or money that is put into a 401 retirement plan?

Well first off, the earnings ceiling for 2007 is $97,500..it hasn't been as low as you suggest for decades! Some portions of the tax, the 1.65 medical for example, have no

Can deferred compensation be rolled into 401 k?

Can just plain old deferred compensation be rolled into a 401K plan NO. Go to the IRS gov website and use the search box for Publication 575, Pension and Annuity Income. Rollo

Where does Obama plan to retire?

He has kept his house in Chicago. Presumably he plans to return there at least for awhile after he leaves the White House.

Where can you learn how to plan for retirement?

Many businesses are out there with the purpose of helping people prepare for retirement. Talking to one of these retirement companies will give you a good basis of knowing how

What are the best ways to plan for retirement?

A good retirement plan includes 3 steps; determining the desired retirement lifestyle, calculating retirement goals, and saving. A good start is to assume that 80% of today's