We always hear people asking, “Are you contribiuting to your 401K?” but what exactly does that mean? Here’s what Wikipedia says: “A 401(k) plan is the common name in the United States for the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Under the plan, retirement savings contributions are provided […]
Categories: Money-Saving Tips
Tags: Old Age, Retirement