401(k)
An employer-sponsored retirement plan that lets you contribute pre-tax (or Roth) dollars, often with a match.
What does 401 mean?
Contributions to a traditional 401(k) lower your taxable income now and grow tax-deferred until withdrawal. Many employers match part of your contribution — free money you should always capture in full.
Put it to use
401(k) Calculator A 401(k) can be one of your best tools for creating a secure retirement. Use this calculator to see why this is a retirement savings plan you cannot afford to pass up. 401(k) Contribution Effects on Your Paycheck Calculator Use this calculator to see how increasing your contributions to a 401(k) plan can affect your paycheck as well as your retirement.
Related terms
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