A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren’t paid until the money is withdrawn from the account. musashixjubeio0 and 46 more users found this answer helpful. Thanks 31.
Herein, which is a retirement plan offered by employers a 401 k B traditional IRA C Roth IRA Brainly?
it is 401k retirement plan.
Also to know is, which statement defines an annuity a a retirement plan offered by employers B a group of investments that many individual investors hold in common C an investment plan that guarantees payments at regular intervals after retirement?
Since we know that annuity is a fixed amount of money paid to someone each year for the rest of their life. Annuities are primarily used as an income stream for retirees, therefore, option C is the correct choice.
What is a 401 K plan a an investment plan offered by an insurance company a retirement plan offered by employers a personal retirement plan?
A 401(k) is a retirement savings and investing plan that employers offer. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee’s choosing (from a list of available offerings).
What is a 401(k) plan? an investment plan offered by an insurance company a retirement plan offered – Brainly.com.
Answer: option A is correct, i.e. “No need to pay taxes” is not a benefit of contributing to a retirement account. Step-by-step explanation: Retirement Accounts are suitable for getting regular income after retirement age.
One of the main differences between a Roth IRA and a traditional IRA is that, contributions are taxed differently.
With a Roth IRA, you contribute after-tax dollars, your money grows tax-free, and you can generally make tax- and penalty-free withdrawals after age 59½. With a Traditional IRA, you contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after age 59½.
Which of the following is an employer-sponsored retirement plan that allows employees to set aside money?
Employer–sponsored retirement plans include benefit plans such as pensions; contribution plans such as 401(k), Roth 401(k), 403(b), 457(b); and Thrift Savings Plans. 401(k) can be one of the best tools for creating a secure retirement.
Employer–sponsored savings plans such as 401(k) and Roth 401(k) plans provide employees with an automatic way to save for their retirement while benefiting from tax breaks. The reward to employees who participate in these programs is they essentially receive free money when their employers offer matching contributions.
What are the four types of annuities? There are four basic types of annuities to meet your needs: immediate fixed, immediate variable, deferred fixed, and deferred variable annuities.
A $100,000 Annuity would pay you $472 per month for the rest of your life if you purchased the annuity at age 65 and began taking your monthly payments in 30 days.
The value of your annuity changes based on the performance of those investments. … This means that it is possible to lose money, including your principal with a variable annuity if the investments in your account don’t perform well. Variable annuities also tend to have higher fees increasing the chances of losing money.