I got a question, cause I don't know this American, slang expressions or maybe it's something else. What does it mean, when Phoebe says (in 921) that she gets "benefit, like medical, and dental, and four-oh-wunk". I know what medical and dental benefits are, but what is "four-oh-wunk"?
Thanks in advance.
Daniel
It's supposed to be a 401K, which is a retirement account (something like that....). She just read it out like Phoebe would....pronouncing it as if it were a word...:))
Hope that helps you.
Karen
U�ytkownik "KMB" napisa� w wiadomo�ci news:bb5jn3$1p8$[email]...
Thanks for fast answer, Karen. It helps.
Daniel
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In case you are wondering where 401K comes from, it is the section number of the piece of legislation that highlights the rules for a type of retirement account in which the employer deducts the funds from your pay and applies the funds to an investment vehicle such as a mutual fund or stock/bond funds. The money isn't taxable until you withdraw it. Since you will withdraw it while you are in retirement, your tax rate will be low.
Some people might have heard of a 403B or possibly some other retirement numbers. These are related plans, but they have their own sets of rules.