Login Register

My account
Edit my Profile
Private messages
My favorites

What is the intended purpose of a 401k account?

Ask a Question
Questions
Unanswered
Tags
Ask a Question

What is the intended purpose of a 401k account?

asked Oct 4, 2017 233k views

4 votes

What is the intended purpose of a 401k account?

Business
high-school

by Niroj

7.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

3 votes

It's a retirement plan for people. Idk if this is what you're looking for lol

Guimareshh answered Oct 6, 2017

8.8k points

0 Comments

Please log in or register to add a comment.

3 votes

The intended purpose of a 401k account is to help people save for retirement. The account is funded with pre-tax dollars.

Themis Beris answered Oct 8, 2017

by Themis Beris

7.3k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked May 22, 2024 127k views

Your gross income is $91 thousand. The standard deduction is $12000. You contributed $15 thousand to your traditional 401k, and your employer made a matching contribution of 50 cents on the dollar. You

RebootDeluxe asked May 22, 2024

by RebootDeluxe

8.4k points

Business
college

1 answer

2 votes

127k views

asked Dec 18, 2024 105k views

A recently-graduated college student is deciding whether to contribute $5,000 per year to a 401k at their job or an IRA. The terms of both are: IRA: 4.5% rate, compounded annually, with a total value of

Ali Mohyudin asked Dec 18, 2024

by Ali Mohyudin

8.4k points

Mathematics
college

2 answers

3 votes

105k views

asked Dec 23, 2024 187k views

Scenario one: You are 18 years old and just started your first job. You have started at a well established company and they will match your 401K $2 to your $1. They also offer a Traditional and Roth IRA

Whizzzkid asked Dec 23, 2024

8.1k points

Business
high-school

2 answers

3 votes

187k views

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

All categories
Mathematics (3.7m)
History (955k)
English (903k)
Biology (716k)
Chemistry (440k)
Physics (405k)
Social Studies (564k)
Advanced Placement (27.5k)
SAT (19.1k)
Geography (146k)
Health (283k)
Arts (107k)
Business (468k)
Computers & Tech (195k)
French (33.9k)
German (4.9k)
Spanish (174k)
Medicine (125k)
Law (53.4k)
Engineering (74.2k)

Other Questions

What can turn igneous rock into sediment?

In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new

What is meant by data mining ?

Qamnty
About Us

Twitter WhatsApp Facebook Reddit LinkedIn Email

Link Copied!

Search Qamnty