Senior Associate and Subject Matter Expert
Senior Associate and Subject Matter Expert Interview Questions and Answers
Updated 11 May 2024
Q1. 401k retirement process on retrial
Ans.
401k retirement process involves saving a portion of your salary in a tax-advantaged account for retirement.
Employees contribute a percentage of their salary to a 401k account
Employers may match a portion of the employee's contributions
Funds in the 401k account grow tax-deferred until withdrawal during retirement
Withdrawals before age 59 1/2 may incur penalties
Upon retirement, funds can be withdrawn or rolled over into an IRA
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