question for americans?

Question

what is tenure and what is a 401k think i've got it right i heard it on friends and want to know what it is thanks

just to add how much do you all love friends it's fab

p.p.s thanks for the nice comments about my son ;-)

Answer 1

Tenure commonly refers to academic tenure systems, in which professors (at university level)—and, in some jurisdictions, schoolteachers (primary and secondary school levels)—are granted the right not to be dismissed without cause after an initial probation. Tenure systems usually are justified via claim that they provide academic freedom, by preventing instructors from being dismissed for openly disagreeing either with authorities or with prevailing opinion or with both. Such systems also may have an economic rationale, like the rationale for the existence of senior partner positions in many law and accounting firms, in that employees who cannot be replaced may be more likely to give accurate assessments of junior colleagues who otherwise might threaten their positions.

Another reason for the existence of tenure is that, in the realm of academic and intellectual pursuit, people may do better, higher quality work when they have job security than when they do not. When possessing job security and the intellectual autonomy inherent to tenure, scholars are able to pursue topics of their own interest, topics about which they usually are more passionate and produce better results. Without tenure, scholars will generally attempt to measure what pursuits they are "supposed to follow", and, in imitation of said guidelines, produce work of lower intellectual quality.

The 401(k) plan is a type of employer-sponsored retirement plan in the United States and some other countries, named after a section of the U.S. Internal Revenue Code. A 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal.

The employee elects to have a portion of his or her wage paid directly, or "deferred", into his or her 401(k) account. In participant-directed plans (the most common option), the employee can select from a number of investment options, usually an assortment of mutual funds that emphasize stocks, bonds, money market investments, or some mix of the above. Many companies' 401(k) plans also offer the option to purchase the company's stock. The employee can generally re-allocate money among these investment choices at any time. In the less common trustee-directed 401(k) plans, the employer appoints trustees who decide how the plan's assets will be invested.

Answer 2

tenure is another word for "ranking"
in other words if you work for a company long enough you get "tenure" it is a lot like a union and the time of service. The highter up you are int "tenure" the harder it is for you to be removed from your job.

a 401K is a retirement plan provided by some employers. this plan can either have 0 invested by the company or a percentage. I offer my employees 5% of what they invest. So if my employee invests of his income for his retirement 100.00 USD a month. I will also kick in 5.00 USD per month. I don't have a maximum some employers will only allow that on the first say 500 that you are investing. I don't limit my people. I want them to stay around. And over the years the 5/ month adds up in a good retirement plan

Answer 3

Tenure is when you've worked at your job long enough to secure a better salary, job security,a guarnteed pension (pay after retirement) and superiority. Usually comes after 10 years. A 401K is an investment plan, named for governmental/legal/tax purposes. Whenever you receive your regular pay check, a 401K allows part of your salary to be immediately invested into a fund in your name and your employer matches that amount invested. It is for savings. Not all employers offer it. When you leave that job, you can cash out and pay the taxes which are held (otherwise it is tax free money) or you can let it mature until you retire (totally tax free) or you can roll it over and keep adding to it, either with a new employer or on your own, no tax penalty.

Answer 4

tenure is a name for a security for certain professions, like teachers. It makes it very diffcult to remove someone from a job who has tenure.

401k is a retirement savings plan that is tax emept until you withdraw it. it is offered through your employer and a you set a certain percentage of your wages to be taken uot of your paycheck to be put into the investment account. Some employers also offer a matching vestment program to encourage people to use it. Like if you contribute 6% the employer will match 2% etc.

Answer 5

Tenure is when a lecturing Professor at a university gets a permanent job. For life. This is a term used in England as well.
I dont know what a 401k $401,000 maybe.


ps you have a very cute baby

Answer 6

401k is a govt pension scheme. Tenure is when you are given the job for life and they can't get rid of you w/o gross misconduct or redundancy payout (same as having a permanent job contract in the UK really but i a much bigger deal cuz in most American states they can hire and fire at will)- but I think you can only get this with academic posts in universities and also I think doctors can get it.

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Answer 7

401k is a govt pension scheme. Tenure is when you are given the job for life and they can't get rid of you w/o gross misconduct or redundancy payout (same as having a permanent job contract in the UK really but i a much bigger deal cuz in most American states they can hire and fire at will)- but I think you can only get this with academic posts in universities and also I think doctors can get it.

Answer 8

I'm not sure either... but i think its something like obtaining status at a University to be a paid lecturer... or paid to do whatever academic research you've gained your tenure for ect. I may be wrong though.

Don't know bout 401k.... sounds like the US social security system.

Answer 9

google it, read it. this will take more time to explain than I have space for here. good that your interested, good luck.

Answer 10

the pic is sooooo cute!!