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 You only pay taxes on contributions and earnings when the money is withdrawn.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.
Information and interactive calculators are made available to you as a tool for your own use and are not intended to provide investment or financial advice. Â Bryant Bank cannot and does not guarantee the calculator applicability or accuracy in regards to your individual circumstances. Â All examples are hypothetical and are for illustrative purposes. Â As always, Bryant Bankers will gladly assist you regarding your personal finance issues.