You do not have to be 21 to have a 401k. In fact, you can start contributing to a 401k as soon as you start working, regardless of your age.
No, you do not have to be 21 years old to have a 401k.
You must be 21 years of age to start saving in a 401K plan
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
No, you do not have to be 21 years old to have a 401k.
You must be 21 years of age to start saving in a 401K plan
She meant to say 401K (a retirement package).
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
Contracom
You can rollover your 401k by applying for or opening a new 401k through your new employer. You don't have to do it though. Withdrawing from your 401k will result in penalties.
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Yes, You can lose Money in a 401k
The difference in a Roth 401K and a regular 401K retirement is perhaps the benefits that they bring out. They might also have different rates and requirements.
You can make a withdrawals with your 401K however you will have to be aware of the fees that are charged from the 401K.
Yes, you can lower your 401k contribution by adjusting the percentage of your salary that goes into your 401k account.