Roth | search
Click here to view Roth news from 60+ newspapers.
Bookmark or Share- 401k contributions - Roth vs pre-tax : r/investing - RedditADMIN. 401k contributions - Roth vs pre-tax. 24 y/o engineer. Salary: $7x,xxx. Current $401k balance: $16,xxx. Company matches 100% up to 6% as long as I am above 8%. Currently, I contribute 10% Roth and 4% pre-tax. Considering the company's contributions are pre-tax, this comes out to a net 10% Roth and 10% pre-tax.
- 401k Pre-Tax or 401k Roth? : r/personalfinance - RedditI’m 27 years old and I’ve been working for 5 years (with the same company) and have been contributing to a 401k pre tax plan every paycheck. In 2018 I started a Roth IRA account and have been maxing it out since. The 401k is a target retirement fund and the Roth contributions are going towards a total market index fund.
- Should I put $6000 in Roth IRA at once or put $500 per month?Yes. Just to be clear to anyone else considering this, a Roth IRA contribution is basically an “after-tax” contribution so it isn’t reported on your 1040. A traditional IRA contribution would require you to amend your 2020 taxes to get the tax deduction because it’s a “before-tax” contribution. Reply reply.
- Over the Income Limit? A Guide for Roth IRA Mistakes and the ... - RedditThis effectively pretends like a pre-tax contribution was a Roth in the first place, or that a Roth contribution was a Trad contribution in the first place. This can be performed up to the filing deadline for the tax year (typically April 15 of the following calendar year). Pro rata rule: Pro rata simply means proportional.
- Roth 401k vs traditional 401k : r/personalfinance - RedditYou get 2.33% match total on the first 6% you contribute to ANY 401k. The employer will not let you double up on the match. This match will ALWAYS go into the traditional account, by law. You can therefore allocate anywhere from 100% (8.33%) traditional to 28% (2.33) trad/72% (6%) roth with those first 6% of her income.
More
