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A 401k Plan generally is offered to employees by their employer. If you are self-employed, you may start a 401k or other retirement plan.
You can cash in your 401K plan upon retirement or after a penalty before your retirement age.
The Federal Employees Retirement System provides retirement for government civilian employees. It has it's own system like a 401k plan, Social Security participation, as well as annuity investment.
You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.
401k
A 401k plan is a retirement plan. Unlike a savings account you can withdraw money instantly but for a retirement plan you cannot touch that money till you reach the recommended retirement age.
A 401k plan is used as a retirement plan to help employees save money for the future.You have an option, Some employers let you manage your own account, make your own investments.
A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.
A 401(k) retirement plan is a defined contribution pension account for employees. Employers can make contributions to the plan by deducting it from the employee's paycheck pre-taxation which provides the employee with pension plan with tax benefits.
Fidelity Net Benefits is a 401k retirement plan company that also offers workplace savings tips and financial advice in order to get the most out of your retirement savings plan.
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Pension plan for employees