401k plans

[Guest mattsmalls]

Hi everyone,

What are the mode of savings in 401k retirement plan? Is it safe?

[401king]

http://lmgtfy.com/?q=401k

[Guest mattsmalls]

Thanks Alexander.

Please share your views on 401k retirement plan..

[K2retire]

What makes a 401(k) plan a good or safe thing is not the plan, it's how the money within the plan is invested. Plans themselves are highly regulated by the IRS and DOL with lots of built in protections.

[Guest mattsmalls]

Thanks K2retire..

Is it possible to transfer the 401k IRA into a charity account?

[Guest jims]

You'll have to reword your question better with more info - otherwise the answer is yes and no.

[K2retire]

Thanks K2retire..

Is it possible to transfer the 401k IRA into a charity account?

The answer is different for 401(k)s than for IRAs.

[Guest mattsmalls]

Can someone elaborate the tax benefits in the 401 k.

[masteff]

Can someone elaborate the tax benefits in the 401 k.

That is an overly broad question for this board to answer. Why don't you go read up on 401(k)s and come back w/ more specific questions?

Here are a few links to get you started:

http://en.wikipedia.org/wiki/401(k)#Tax_consequences

http://wiki.fool.com/401(k)

http://money.cnn.com/magazines/moneymag/money101/lesson23/