A 401(k) plan is a defined-contribution retirement account, which allows you to save a portion of your pre-tax salary to the plan. Your contribution is automatically deducted from your paycheck prior to your paycheck being taxed.

Read more

© Triton Financial Group. All Rights Reserved. Common 401(k) Plan Questions and Answers is an original post from Bob Gustafson, Certified Financial Planner and Registered Investment Advisor: Triton Financial Group. If you enjoyed this post, be sure to follow Triton Financial on Facebook or LinkedIn.