Additional Details I'm in my late 30's and have about 65k in my retirment plan. My company match is 4%, but I invest 10% at this time. I've done that age thing and yes ...
First of all how is it possible that everybody can just sell their stocks at the same time?
Who is buying them?, when they know that they will probably drop even further or are worthless ...
I am 21... should I keep my money in the stock market i have about 70k in value now.. (but i have lost about 30K) My question is should I take the money out and put into cds... Bc of the way the ...
I'm over 40 and have just gotten rid of all my debt except for my house. I'm finally in a position to start saving for my retirement (better late than never). I have money to turbo ...
401K just stands for the area of the tax law that explains what a 401K is (It is 401 of the tax law subsection K). If you are a teacher you may have a 403B (again it just means 403 subsection B of the tax law).
gregory_dittman
It's just a different type of 401. There are 401a, 403b, section 401c and 401K . They are basically the last three numbers in a set of numbers in a section of law.
It's real name is:
U.S. Law: Title 26, Subtitle A, Chapter 1, Subchapter D, Part I, Subpart A, Section 401
K is probably a subsection of 401 and other letters that are missing are from bills that didn't pass.
Mr. S
Subsection K. Section 401, Subsection K.
Brite Tiger
The term "401(k)," a reference to an obscure provision of the U.S. Internal Revenue Code, has become so well-known that other countries are using it to describe similar legislation. For example, in October 2001, Japan adopted legislation allowing the creation of "Japan-version 401(k)" accounts even though no provision of the relevant Japanese codes is in fact called "section 401(k)."
Ray
Section 401(k) of the Internal Revenue Code
Ronnie Gardocki
its the section of the taxcode you find the loophole that allows you to put money away without being taxed.
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