What Is a 408k Retirement Plan?

Answer

A 408 (k) retirement plan is a retirement plan that is established by the employer to aid employees in funding their retirement. The plan is the simpler version of the 401 (k) and is specially meant for companies with an employee count of not more than 25. The deductions for this plan are made before tax and have the added benefit of reducing payable tax.
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What Is a 408K Retirement Plan?
A 408k, also known as the Salary Reduction Simplified Employee Pension Plan (SARSEP), is a small company's alternative to a 401k.... More »
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Q&A Related to "What Is a 408k Retirement Plan"
408ks are for companies that have 25 employees or fewer. Employers are responsible for setting up traditional individual retirement accounts for each of their employees as a requirement
http://www.ehow.com/facts_6060015_408k-retirement-...
Section of the Internal Revenue Code that provides for simplified employee pensions (sep).
http://www.answers.com/topic/section-408-k-plan
The sooner you start to plan for retirment, the easier those golden years will be. If you have a 401K at work, try to invest at least 2% of your salary and 1% more each time you get
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Giving your retirement plan a checkup as a senior can help you stay on course for a comfortable future. As a senior, you are probably either very close to retirement or already there
http://www.life123.com/career-money/savings-retire...
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The sooner you start to plan for retirment, the easier those golden years will be. If you have a 401K at work, try to invest at least 2% of your salary and 1% ...
I'm seeing an increase in interest in retirement planning in the professional services arena - law, accounting and consulting firms - where partners and senior ...
You should start planning in your early 20's, if not earlier. If your job offers a 401 K, enroll and contribute as much as possible. 10 percent is a good guideline ...
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