A 401K is an employer sponsored retirement plan where (check all that apply). Employees can fund their accounts by making regular payroll deductions. Employee contributions are made with pre-tax dollars, thereby lowering your taxable income. Some employers off a dollar match - up to a certain amount or percentage - if you invest. Once retirement age is reached, withdrawals from your 401K are penalty and tax free.

A 401K is an employer sponsored retirement plan where (check all that apply). Employees can fund their accounts by making regular payroll deductions. Employee contributions are made with pre-tax dollars, thereby lowering your taxable income. Some employers off a dollar match - up to a certain amount or percentage - if you invest. Once retirement age is reached, withdrawals from your 401K are penalty and tax free