A 401(k) allows people to set pre or post tax money aside for retirement. The average life expectancy in the United States has increased by ten years from 1950 (68) to 2012 (78). Many older Americans must now work part time in order to maintain the quality of life that they're accustomed to. Learn more about a 401(k), it's features, and why it is a critical component of any retirement plan .... ( read more )
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A 401K is a type of retirement savings plan widely used in the United States. It is a type of qualified employer-sponsored plan that allows employees to save and invest a portion of their salary before taxes are taken out. The name 401K comes from the section of the Internal Revenue Code that created this type of plan. The beauty of a 401K is that the money you contribute is not taxe
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