What is 401(k)? | SIE, SERIES6, SERIES7, SERIES65, SERIES66 Exam Prep

A 401(k) is an employer-sponsored retirement savings plan that allows employees to contribute pre-tax dollars, with potential employer matching, and tax-deferred growth until withdrawal. 📚 Learn more about 401(k) and other key terms for your SIE, SERIES6, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES6, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 401(k) definition: https://www.open-exam-prep.com/glossary/401k 💡 Exam Tip: 401(k) is employer-sponsored. IRA is individual. Know the contribution limits! --- #securities #examprep #financeexam #sie #series6 #series7 #series65 #series66 📖 Recommended Study Materials: • Kaplan SIE License Exam Manual (4th Edition): https://www.amazon.com/dp/107884772X?tag=openexamprep-20 • SIE Exam Prep 2025-2026 (510 Questions + 6 Full Exams): https://www.amazon.com/dp/B0CN252KP9?tag=openexamprep-20 • SIE Exam Prep 2025-2026 with Audiobook Access: https://www.amazon.com/dp/1637758073?tag=openexamprep-20 Some links above are affiliate links. As an Amazon Associate, I earn from qualifying purchases at no extra cost to you.