this post was submitted on 28 Oct 2024
7 points (81.8% liked)

Economy

1092 readers
128 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 5 months ago

401k is a glorified self funded pension. Typical employer match is up to 4-10% of salary. But you can optionally defer income taxes until withdrawal.