401K (english) - meaning, definition, translation, pronunciation

Part of Speech

• Noun

Phonetic Transcription

• /fɔːr ˌoʊ wʌn keɪ/

Meaning and Usage

A "401(k)" is a tax-advantaged retirement savings plan that is sponsored by an employer. Employees can make contributions to this plan directly from their paycheck before taxes are deducted, which can significantly reduce their taxable income. Many employers will match employee contributions up to a certain percentage, further enhancing the employee's retirement savings.

The term is frequently used in both oral and written contexts, particularly in discussions about retirement planning, financial advice, and employment benefits.

Example Sentences

1. "I decided to increase my contributions to my 401K to better prepare for retirement."

2. "Eu decidi aumentar minhas contribuições para meu 401K para me preparar melhor para a aposentadoria."

3. "My company offers a generous matching policy on the 401K, which helps me save more."

4. "Minha empresa oferece uma política de correspondência generosa no 401K, o que me ajuda a economizar mais."

5. "Understanding how to manage a 401K is crucial for achieving financial independence in the future."

6. "Entender como gerenciar um 401K é crucial para alcançar a independência financeira no futuro."

Idiomatic Expressions

While "401(k)" itself is not typically part of idiomatic expressions, it is often discussed in relation to various financial idioms and phrases. Here are some relevant examples:

1. "You need to get your financial house in order before you start investing in a 401(k)."

2. "Você precisa colocar suas finanças em ordem antes de começar a investir em um 401(k)."

3. "Don't put all your eggs in one basket – diversify your retirement savings including your 401(k)."

4. "Não coloque todos os seus ovos em uma única cesta – diversifique suas economias para a aposentadoria, incluindo seu 401(k)."

5. "It's never too late to start saving for retirement, even if you have a late start on your 401(k)."

6. "Nunca é tarde demais para começar a economizar para a aposentadoria, mesmo que você tenha um início tardio no seu 401(k)."

7. "Making consistent contributions to your 401(k) can make all the difference in your retirement quality."

8. "Fazer contribuições consistentes para o seu 401(k) pode fazer toda a diferença na qualidade da sua aposentadoria."

9. "A good employer can help you navigate the complexity of setting up a 401(k)."

10. "Um bom empregador pode ajudá-lo a navegar pela complexidade de estabelecer um 401(k)."

Etymology

The term "401(k)" derives from the section of the Internal Revenue Code that created this type of retirement plan in the United States. The "401" refers to subsection 401 of the Internal Revenue Code, and the "(k)" is the subsection that specifically pertains to these retirement savings plans.

Synonyms and Antonyms

• Synonyms: Retirement plan, pension plan, savings plan
• Antonyms: Debt, financial burden, financial loss

By understanding the term "401(k)", individuals can make more informed decisions about their retirement savings and financial planning.