Quote Originally Posted by slick View Post
Richard: Don't know what a 401K is but how about a good strong shot of whiskey. My BFH is still giving me grief.
Slick, I can help with that - a 401K is a standard US retirement plan some business set up for their employees. The money is yours, and goes in before taxes, you only pay taxes when you take it out, and after you hit retirement age, you can take out the money without big penalties.