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: April 20th, 2024 at 7:30 AM
Mike Selvaggio Facebook Mike Selvaggio Twitter Mike Selvaggio LinkedIn
Top