![](https://lemm.ee/pictrs/image/bb6cef52-5db7-4c20-9fb5-322daba07a4c.webp)
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11 months agoIt is a retirement savings plan that most employers offer. You put money in it from your pay period into it, and it is taken out pre-tax, as in your taxes are calculated from your pay during that period after the retirement deduction is taken out (other things are pre-tax also, but 401k is one of them)
hunter2