What Are the Tax Advantages of an Investor Contributing Pre-tax or Roth Contributions to Their 401K if They Are 35 Years Old and Making $100,000 per Year?If an investor is 35 years old and making $100,000 per year, the tax advantages of pre-tax and Roth contributions to their 401(k...
Retirement savings, like a traditional 401k, which are often matched to an extent by employers While not as tax-advantageous, there are several post-tax deductions employees can voluntarily choose. The most common types are for: Life insurance policies for supplemental coverages or dependents ROTH ...
Also, paying our mortgage off early isn’t coming at the cost ofretirement savings. We’re both maxing out ourRoth IRA‘s and contributing to our 401K’s. Last, we have anemergency fund. If something did happen, like a job loss, we can stop prepaying the mortgage and use our emergenc...