Quote:
Originally Posted by BRUTAL
And Lets Not Forget That In Your 401k, That Money Comes Off Before Uncle Sam Takes His Share, So Depending On Your Tax Bracket, That Could Equate To $only .70 Coming Out Of Your Check For Every $1.00 You Contribute
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That's on a traditional 401k. Many companies offer roth-401k's...The money you contribute to a roth-401k (or roth-IRA) are after-tax dollars....so you pay the tax on the money now...BUT...and here's the best part...you NEVER pay taxes on the earnings even when you withdraw the money at retirement!