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What is 401k, 401k limits
how Roth 401K plan takes many of the advantages of the Roth IRA
Started by
seomarketgoal
, May 02 2012 11:47 PM
2 replies to this topic
#2
Smiley
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Posted 03 May 2012 - 08:03 PM
I Don't do ROTH's, probably should, at least with some funds.
I'm 48, still got 20 more years before SocialSecurity, if still there.
My understanding is there is Limit Withdraws per year or are
Double Taxed.
I'm 48, still got 20 more years before SocialSecurity, if still there.
My understanding is there is Limit Withdraws per year or are
Double Taxed.
#3
Smiley
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- Root Admin
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- 1,610 posts
Administrator
- Gender:Male
- Location:Chatsworth, Illinois, USA
Posted 03 May 2012 - 08:13 PM
What I mean by Double Taxed, Is money put in is Not Tax deffered,
you already paid tax on it, over so much withdrawed in a year, you
get taxed again as income.
401k's is tax deferred, over so much withdrawed, you pay tax once
as income
Correct me if I'm wrong.
Never got into Roth's, so Don't know enough about them, just some
things I've read.
you already paid tax on it, over so much withdrawed in a year, you
get taxed again as income.
401k's is tax deferred, over so much withdrawed, you pay tax once
as income
Correct me if I'm wrong.
Never got into Roth's, so Don't know enough about them, just some
things I've read.
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