401(k) is a type of defined contribution plan with varying contribution limits based on age. Employers may match 401(k) contributions; withdrawals before age 59 1/2 can incur penalties. Other defined ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. He has ...