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Title 26, United States Code, section 401(k). It's the part of the tax code that regulates the particular type of retirement fund.
Most people don't really know what it fully means, including most people who have one...
It's cause you're scandinavian. It's a US of A thing. A 401(k) is a fund you can put money into BEFORE it's taxed, and it doesn't count as income. The fund invests the money in stocks and bonds. When you retire, you take out money to pay for retirement, and they tax the money when you take it out as income. That way your taxes are lower when you're young and investing, and then you have income when you retire.
