What is a 401(k)?
A 401(k) is a type of retirement account. It’s sponsored by an employer, so only those employed by a company can contribute.
The person enrolled in the 401(k) decides how much of their paycheck will go directly into your account through automatic payroll deductions, using pre or post-tax dollars.
A 401(k) has a larger annual contribution limit, up to $18,000 for individuals under the age of 50 and $24,000 for individuals over the age of 50.
People enrolled in a 401(k) are able to contribute to both the 401(k) and an IRA, but must stay under the annual contribution limits for each type of account.
Related questions View all Coach Tips & Guidance
Q. Where can I deposit cash into my Stash debit account?
You can deposit cash at any of our participating retailers nationwide including CVS Pharmacy®, Walgreens, Rite Aid, and Walmart for a fee up to $4.95. To deposit cash, take your cash and your debit card to one of the participating retailers…33
Q. How much do I get charged?
The pricing depends on which plan you have selected. To see how much you will get charged this month: Select Account Tap on Subscription details View current subscription for your plan.12
Q. Can I downgrade or change my plan?
Yes, you have the flexibility to change your plan at any time. To change your plan: Call Customer Service at 1-800-205-5164 to upgrade or downgrade your plan. Note: After upgrading or downgrading it may take time for your app to…13
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