165Enrollment Form NC 401k PLAN Print Using Blue

Instructions and help about 165Enrollment Form NC 401k PLAN Print Using Blue

hello and welcome to the session in which we will discuss various retirement plans now the U.S Congress has implemented various incentives to encourage individuals people like uni to save for retirement through some sort of retirement plans what type of incentives can the U.S Congress give tax incentive you say we're going to give you some if you say for your retirement we're gonna give you some tax incentive now the Stock's incentive would they'll give it to the employee to save as well as for the employer and simply put if you're self-employed as well so what I'm going to start with just discussing some basic concept some basic terms you need to be familiar with that applies to all retirement plans such as tax the third account when we say tax the third account what does that mean it means that the money to be taxed later it means it's gonna grow tax-free so you put this money now and you're retirement account and it's gonna grow it's gonna earn interest it's gonna earn dividend it's