Real Estate Dictionary

401(k)/403(b)

An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations. 403(b) plans are provided by employers that are not for profit organizations.

Last Updated: January 5th, 2009 at 9:21 PM Translate: Spanish French German Italian Portuguese Chinese (Simplified) Japanese Korean Russian
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