Ask Question
BusinessBusiness
20 January, 03:42

What do 401 (k) plans and IRAs have in common?

+3
Answers (1)
  1. 20 January, 05:31
    0
    A 401 (k), as well as a 403 (b) and 457, is a qualified employer-sponsored retirement plan. If your employer does not offer a 401 (k) or other sponsored plan, you should probably just begin saving in a Roth IRA or traditional IRA ... You will pay taxes on it when you withdraw it during retirement.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What do 401 (k) plans and IRAs have in common? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romulans today for $18 million. Klingon's current balance sheet shows net fixed assets of $15.
Answers (1)
Where can natalie find out whether biscuits has outstanding debt? how can natalie determine whether biscuits would be able to meet its interest and debt payments on any debts it has?
Answers (1)
An investor buys a nonqualified deferred variable annuity and contributes $25,000. Ten years later, he surrenders it for $40,000.
Answers (1)
When her salespeople bring in five new customers, marissa gives them a $1,000 payment. this is an example of a?
Answers (1)
The Jones Brothers recently established a trust fund that will provide annual scholarships of $12,000 indefinitely. These annual scholarships can best be described by which one of the following terms? A. Ordinary annuityB. Annuity dueC.
Answers (1)
New Questions in Business
Why do companies using a horizontal structure have cultures that emphasize openness, employee empowerment, and responsibility? What do you think a manager's job would be like in a horizontally organized company?
Answers (1)
How would a rise in business investment affect the aggregate demand curve?
Answers (1)
Alec has graduated from college and is moving to a large city to start a new job. once he arrives, he plans to buy his first new car.
Answers (1)
If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that the interest he receives each year is 4 1 2 % of the total amount invested?
Answers (1)
Holding all other things constant, when the price level rises, interest rates:
Answers (1)
Home » Business » What do 401 (k) plans and IRAs have in common?
Sign Up Forgot Password?