Pros and Cons of Pre-Tax 401k vs Roth ContributionsPros of Pre-Tax 401k Contributions:Contributions are made with pre-tax money, meaning you do not pay taxes on your contributions until you make withdrawals.This can reduce your overall tax liability in the current year....
ROTH 401(k) savings Job expenses, such as for uniforms or union dues Frequently Asked Questions About Payroll Deductions What are payroll deductions? Amounts subtracted from an employee's gross income to pay for mandatory requirements, such as taxes or garnishments, and voluntary benefits, such ...