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Page 1: 401(K) plan

401(K) planUpton Investment Group

Zach EversPeriod 4

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What is It? How Does it Work? Loans/Withdrawls A Great Way to Save Managed by Professionals

OVERVIEW

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Type of retirement plan for employees of participating companies

Save and invest money deducted form paycheck

Established by Federal Government in 1981

WHAT IS IT?

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You decide how much to deduct from each paycheck There is a legal maximum Deductions are not taxed

You decide how to invest the money

HOW DOES IT WORK?

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Depending on your 401(k) plan rules, you can borrow money from your account

Withdrawls are restricted Money id for retirement, after age 591/2 Withdrawls are subject to a 20% tax Possible additional 10% early withdrawl penalty

LOANS/WITHDRAWLS

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Increase your take-home salary

A GREAT WAY TO SAVE

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MANAGED BY PROFESONALS


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