Nostr Web Client

what is a 529 account? what is a 401k?

#asknostr

Please Login to reply.

401k is a USA “savings vehicle” for retirement

401k is money that belongs to the company you work for.

It isn't yours.

Don't believe me? Try to spend it.

this sound like Employee Provident Fund

finally u got it

Truth

529 is a tax advantaged account for education expenses

oh ok so this explains it.

technically the same to our SSPN accounts

529 is a education account for children or grandchildren

401k is a for-profit company sponsored retirement plan

why do you need a 529 account?

cant a normal bank account work the same?

Tax free when withdrawing. Overall very not worth it

Provident fund / Retirement - yankee jargon

CENTRE vs CENTER

FOOTBALL vs SOCCER

oo ok ok