求助401K?

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威望5

贴子4293

魅力4858

注册时间2004-01-22

applejoe

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求助401K?

931

2005-05-06 23:40:00

Does anybody know what 401k plan is? and what is the payoff for participation? If my employer said I can choose to participate or not participate and he will pay 5% of my annual salary after the end of year for this plan, should I participate? if I choose to paricipate, how much I should pay by myself? Can I just pay zero and only ask my employer to pay the 5%? Thanks in advance.

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贴子75

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注册时间2004-12-27

mamade

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2005-05-07 10:51:00

It's a retirement plan and here's some basics: http://planning.yahoo.com/save.html#401k

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威望51

贴子4700

魅力6159

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cerium

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2005-05-07 21:23:00

Somebody use 401K to lower tax responsibility currently. You are picking it up when you get old. Also that is a way to remind you for saving for purpose such as buying a house. That is my understanding. Most employer only match when the employee contribute. As long as your boss is matching anyway and you don't need to lower your tax rate, you do not have to contribute.