What Does It Mean To Be Covered By A Retirement Plan At Work?

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    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Many companies have employer sponsored defined contribution plans like a 401(k) offered to their employees, some even auto enroll. These plans have pretax contributions and accumulate tax deferred. Some employers actually match a portion of their employees contribution further enhancing the employees retirement account. Having a retirement account at work can help you save something every paycheck.
    Answered on September 8, 2013
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