Daily Almanac for
May 26, 2012
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Dictionary


401(k)



Pronunciation: (fôr'ō"wun'kā', fōr'-), [key]
n.
a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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