A 401(k) plan is a tax-advantaged retirement account offered that's by many employers. There are two basic types: traditional and Roth. Here’s how they work.

Traditional 401(k)s give you a tax break today, but require you to pay taxes on your withdrawals later. Roth 401(k)s don't have an upfront tax break, but allow for tax-free withdrawals in retirement.

Named after a section of the U.S. Internal Revenue Code, a 401(k) is a defined-contribution plan typically provided by an employer. It features some tax advantages. The employer may match employee ...

A traditional 401(k) used to be the standard for retirement savings, but the Roth 401(k) has surged in popularity in recent years, leaving many workers to wonder if it's worth switching. The answer ...