Traditional 401(k)s, on the other hand, allow pre-tax contributions and the withdrawals in retirement are taxable. » On track for retirement? Use this 401(k) calculator to find out Can I contribute to both a 401(k) and a Roth 4...
If you contributed more than the maximum deductible amount to your 401(k), you have some post-tax money in there. You may be able to avoid some immediate taxes by allocating the after-tax funds in your retirement plan to a Roth IRA and the pretax funds to atraditional IRA. You should...
To save for early retirement we need to accumulate assets worthat least 25xour desired annual cost of living. Some of those assets will be in a Traditional 401k/IRA, some will be in a taxable brokerage account, and somemaybe in a Roth account. (We were about 25/75/0 pre-tax/taxable/...
Traditional 401(k)s, on the other hand, allow pre-tax contributions and the withdrawals in retirement are taxable. » On track for retirement? Use this 401(k) calculator to find out Can I contribute to both a 401(k) and a Roth 401(k)? Most employers that offer both a Roth 401(k...