I'm interested in learning about ESP in the context of investment. Could you explain what it stands for and how it's relevant in the investment world?
7 answers
Riccardo
Sun Nov 17 2024
Employee Savings Plans, also known as ESPs, are financial schemes sponsored by employers.
Riccardo
Sun Nov 17 2024
These plans are designed to assist employees in saving and investing for their future.
Carolina
Sun Nov 17 2024
ESPs offer a convenient way for workers to allocate a portion of their income towards savings.
Enrico
Sat Nov 16 2024
Contributions made to ESPs are typically deducted from employees' paychecks before taxes.
CryptoAlchemist
Sat Nov 16 2024
This pre-tax deduction feature allows employees to save more money by reducing their taxable income.