Dictionary

401(k)/403(b)

An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations. 403(b) plans are provided by employers that are not for profit organizations.

Last Updated: December 21st, 2024 at 10:58 AM
Mike Selvaggio Facebook Mike Selvaggio Twitter Mike Selvaggio LinkedIn
Top