Asked by Smith
What does it mean by 401k Investment Vehicles?
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Answered by
drwls
401(k) retirement accounts. The word "vehicle" when applied to a retirement investment type is brokerspeak. They do not have wheels.
401(k) accounts in the USA are contributed to by the employee, with pretax and in some cases after-tax earnings. Sometimes the employer adds a smaller matching contribution. Taxes on earnings are deferred until withdrawn. 401(k) accounts can be converted to Individual Retirement (IRA) accounts.
401(k) accounts in the USA are contributed to by the employee, with pretax and in some cases after-tax earnings. Sometimes the employer adds a smaller matching contribution. Taxes on earnings are deferred until withdrawn. 401(k) accounts can be converted to Individual Retirement (IRA) accounts.
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