Published By: Tarrence Sun | 06/08/2024 What Is a 401(k)? A 401(k) is a retirement savings plan sponsored by your employer. It allows you to contribute a portion of your pre-tax income directly from your paycheck. Here are the key points about 401(k)s: Tax Benefits: When you contribute to a traditional 401(k), the money is deducted from your paycheck before taxes are applied. This means … Continue reading Understanding 401(k) and Roth IRA: A Simple Guide