401(K)

What is a 401k?

Navigating 401k Plans: What You Need to Know

A 401k, also written as 401(K), is a US tax-deferred established retirement plan which allows employees to contribute a part of their salary towards retirement. The Canadian equivalent of a 401(k) is the Registered Retirement Savings Plan (RRSP). 401k allows an employer to equal an employee’s contribution to tax-deductible company contributions. Notably, earnings on all …

Navigating 401k Plans: What You Need to Know Read More »