A 401k is a retirement savings instrument that enables contributors to place money aside without facing tax liabilities. This vehicle is typically offered through employers and might include matching funds paid on an employee’s behalf by the employer. Contributions to a 401k are tax deferred. This means that income taxes will not be charged on money placed in these accounts until they are withdrawn. This savings vehicle can gain earnings in addition to contributions if it is attached to such things as mutual funds, stocks, bonds or money market accounts.

Finance your Business or Franchise with your IRA or 401k - No Tax Penalties
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