Many Americans Confused with 401 (k)? Some links to simplify understanding
http://www.latimes.com/business/money/la-fi-mo-401k-retirement-confusing-20130815,0,7083617.story
401 (k) is an internal revenue taxation code for retirement/ pension, tax qualified plans:
http://en.wikipedia.org/wiki/401(k)
Interesting Comparison of 401 (k) and IRA accounts and Roth Accounts:
http://en.wikipedia.org/wiki/Comparison_of_401(k)_and_IRA_accounts
Other important points to read:
Pension Protection Act 2006:
http://en.wikipedia.org/wiki/Pension_Protection_Act_of_2006
EGTRRA 2001:
http://en.wikipedia.org/wiki/Economic_Growth_and_Tax_Relief_Reconciliation_Act_of_2001
JGTRRA 2003:
http://en.wikipedia.org/wiki/Jobs_and_Growth_Tax_Relief_Reconciliation_Act_of_2003
For other more details:
Taxation in USA:
http://en.wikipedia.org/wiki/Taxation_in_the_United_States
Dr. Ashish Manohar Urkude,
ashish.urkude@gmail.com
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