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Results tagged with 401k
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user 122533
A 401(k) account is a tax-deferred retirement savings account setup by many employers for their employees in the United States. Employees can elect to contribute part of their earnings - either pre-tax or after-tax - to their 401k account and the employer will often make a matching contribution for a portion of it. The before-tax and/or after-tax contributions are subject to yearly limits set by the IRS. Related to the 403b and Thrift Savings Plan (TSP)
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My employers "401(k) contribution" is cash, not an actual retirement account. What are my op...
I'd feel pretty deceived to be honest, because you are losing the tax advantage of the match. However, it's still 6% on top of your base, so take it.
Make sure you clarify with your company if you'll …
