A 401(k) provides two important advantages for creating a secure retirement. First, all contributions and earnings are tax-deferred. You pay taxes only on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account. The combined result is a retirement savings plan you cannot afford to pass up.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Please consult with a tax professional regarding IRA eligibility, tax deductions and your specific situation.
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