Interested in participating in a 401(k) plan offered by your employer? Under a 401(k), you have the option of setting aside a certain amount of your wages in a qualified retirement plan. By making this election, you’ll reduce your gross income, and defer tax on the amount until the cash (adjusted by earnings) is distributed
elective contributions Archives - Crawford Ellenbogen
Nov 18, 2021
Thinking about participating in your employer’s 401(k) plan? Here’s how it works
- By Joan Ellenbogen
- Retirement, Taxes
- 0 Comments
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