1 / 7

401(K) Plan

Natalie King Period 8 Date : 4-23-10 EXER 2r3-retire401k. 401(K) Plan. Upton Investment Group. OVERVIEW. What is It? How does it work? Loans/Withdrawals A Great Way To Save Managed by Professionals. WHAT IS IT?. Type of retirement plan for employees of participating companies

shaunna-kelleher
Télécharger la présentation

401(K) Plan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Natalie King Period 8 Date: 4-23-10 EXER 2r3-retire401k 401(K) Plan Upton Investment Group

  2. OVERVIEW • What is It? • How does it work? • Loans/Withdrawals • A Great Way To Save • Managed by Professionals

  3. WHAT IS IT? • Type of retirement plan for employees of participating companies • Save and invest money deducted from paycheck • Established by Federal Government in 1981

  4. HOW DOES IT WORK? • You decide how much to deduct from each paycheck • There is a legal maximum • Deductions are not taxed • You decide how to invest the money

  5. LOANS/WITHDRAWALS • Depending on your 401(K) plan rules, you can borrow money from your account • Withdrawals are restricted • Money is for retirement, after age 59 ½ • Withdrawals are subject to a 20% tax • Possible additional 10% early withdrawal penalty

  6. MANAGED BY PROFESSIONALS

  7. A GREAT WAY TO SAVE

More Related