a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com Additional Voluntary Contributions -- Extra payments made by a worker into a tax-deferred savings account (e.g. 401(k) or 403(b)) after the limit till which the employer makes a corresponding investment. Though these contributions may be made on a pretax or aftertax basis, tax law lays down restrictions on the total payment into a tax-deferred account. However, all contributions build up and are not subject to taxation until they are taken out at the time of retirement. The employee chooses the ways in which the money is to be invested. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.