What is another word for 401-k?
Synonyms for 401-k
401-k
This thesaurus page includes all potential synonyms, words with the same meaning and similar terms for the word 401-k.
Princeton's WordNet
401-k plan, 401-knoun
a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
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How to use 401-k in a sentence?
A Roth 401( k) account could make more sense [ for younger people ] because they are usually in a lower tax bracket than when they retire.
Black households not only spend a bigger portion of their income on rent, but they are also more likely to hold student debt and have higher balances, this makes it difficult for Black households to save for a down payment and as a result, they often use their 401( k) or retirement savings to enter homeownership.
The common wisdom is to withdraw money from the IRA or 401(k) last, but doing some of that in the early years - or doing some Roth conversion - can help.
Ive been in this industry for almost 20 years, and we have been consistently saying that if you have access to a 401(k) or a 403(b), you should take a long-term view, its really encouraging that people are doing that now. That we have savings rates going up, employers adding more, its all great news.
Any advice to do a rollover must now be in the best interest of the investor, it means that many people will stay in their 401(k)s instead.
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"401-k." Synonyms.com. STANDS4 LLC, 2024. Web. 17 Apr. 2024. <https://www.synonyms.com/synonym/401-k>.
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