What Is a 401(k)? Beginner’s Guide
What Is a 401(k)? A 401(k) is an employer-sponsored retirement savings plan that lets employees save and invest a portion of their paycheck before taxes are taken out (traditional 401(k)), or after taxes (Roth 401(k)). It is named after the section of the U.S. tax code that created it. Since its introduction in the early 1980s, millions…
