Print
This List
Email to
a Friend
What you Need to Know About a 401K Plan.
INTERESTING 
Tags: 401K, employment, Employee, Job Savings, Personal Finance, Saving for the Future, Retirement Plans
If you are just getting into the work force, or maybe just getting a job which offers you a 401K plan here is all you need to know about it.
| | It's one of the very best ways to save for your retirement. Few alternatives are better. |
| | There's a good chance that your employer will give you money for participating in the company plan. |
| | You should start contributing to your retirement plan as soon as possible. |
| | If you are more than 10 years away from retirement, you'd probably fare best by putting all of the money that you defer into an equity index fund. |
| | Participating employees choose to take home a smaller paycheck because there are several major advantages to saving for retirement through a 401(k), including:Immediate tax savings on contributions; Tax-deferral of any investment earnings; In-service loans and withdrawals; Free money |
| | The typical investment choices in a 401(k) plan are likely to be: Money market funds; Stable value accounts (guaranteed investment contracts (GICs) or bank deposit accounts); Bond mutual funds; Stock mutual funds |
Lister:
Andrea
Other lists of interest:
This list not rated yet – be the first to rate it