Pros of Roth 401k Contributions:Contributions are made with post-tax dollars, so there are no taxes due at withdrawal or retirement.Withdrawals can be taken out penalty-free after age 59 1/2.Funds grow tax-free over time, allowing for maximum long-term growth....
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 ...
Republicans may be planning to slash the amount of pre-tax cash you can put in your 401K — and millennials could actually benefitLauren Lyons Cole
provide examples of commonly used deductions, discuss the benefits of utilizing pre-tax deductions, and delve into the impact these deductions can have on take-home pay. Additionally, we will consider important factors that employees should keep in mind when setting up and managing their pre-tax ...
Swayed to do it by this post? Anyone think this is unromantic overkill? Or take your pre-FIRE agreement in a totally different direction, to talk about distribution of assets and all that other legal/financial stuff? Let’s talk about all of it in the comments!