Top 10 must-know rules on 401(k) taxes
Top 10 must-know rules on 401(k) taxes By Kate Ashford of Mediafeed | Your 401(k) and Taxes Employer-sponsored retirement plans like a 401(k) are a common way for workers to save for retirement. In any given year, about half of employees participate in a retirement plan at work, according to the Bureau of Labor Statistics. So it’s important for participants to understand how 401(k) taxes work. With a traditional 401(k) plan, employees can contribute a portion of their salary to an account with a range of investment options, including stocks, bonds, mutual funds and cash. Employers some...
Source: msn.com