A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your 401(k) account. The combined result is a retirement savings plan you cannot afford to pass up.
Financial calculators are provided for your personal use and self-help. Precipio Wealth Management cannot guarantee the accuracy of any calculator or its applicability to your financial circumstance. Always consult with qualified professionals for all personal financial planning and tax advice.