3 ms·
In the US, contributions to 401k retirement plans are not liquid or available for penalty-free use. But the tax-advantaged contributions are capped ($18.5k last
by jurassic 8y ago
In the US, contributions to 401k retirement plans are not liquid or available for penalty-free use. But the tax-advantaged contributions are capped ($18.5k last year) and people with significant savings often have other money in unrestricted brokerage accounts, savings accounts, CDs, etc.