Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Saffron: I'll die. Mal: Well, as a courtesy, you might start getting busy on that, 'cause all this chatter ain't doin' me any kindness.
'Trash'
Natter 58: Let's call Venezuela!
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Lee - Apr 08, 2008 1:52:08 pm PDT #426 of 10001
The feeling you get when your brain finally lets your heart get in its pants.
Pix - Apr 08, 2008 2:00:32 pm PDT #427 of 10001
We're all getting played with, babe. -Weird Barbie
Jumping to the end after reading this:
Maybe because I have an undying love for Spiderman and his Amazing Friends.to say that Vortex and I are clearly separated at birth. FIRESTAR! I wanted to be her SO very badly.
Okay, going back to read the rest of the conversation now...
megan walker - Apr 08, 2008 2:05:45 pm PDT #428 of 10001
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Does it make a difference for company matching purposes?
The argument for pre-tax is that your income bracket (and therefore taxes) are lower in retirement.
However, IMO, it is very likely that tax brackets will have to rise in the future so I wouldn't bet on your bracket being lower. Also, even though you pay taxes now, the Roth grows tax free, so you are paying taxes on $5000 now, but not $50,000 (or whatever) later.
That being said, I have a regular 401K because that's what my firm matches and I can't contribute more than the match right now. When I can though? I will put the extra over the match into a ROTH.
ETA: Personally, I might do 1/2 one, 1/2 the other.
Ginger - Apr 08, 2008 2:06:42 pm PDT #429 of 10001
"It didn't taste good. It tasted soooo horrible. It tasted like....a vodka martini." - Matilda
Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Go Roth. Choose Roth. If you take money out of a Roth before retirement, you're only penalized on the interest. The argument behind pre-tax is that you'll be in a lower tax bracket when you start withdrawing money, but that's often not the case.
Scrappy - Apr 08, 2008 2:42:45 pm PDT #430 of 10001
Life moves pretty fast. You don't stop and look around once in a while, you could miss it.
Hey, where's ita? have I missed her posts in my work-skimmage?
Laga - Apr 08, 2008 2:45:41 pm PDT #431 of 10001
You should know I'm a big deal in the Resistance.
I don't recall seeing ita post today.
Tom Scola - Apr 08, 2008 2:47:36 pm PDT #432 of 10001
Mr. Scola’s wardrobe by Botany 500
She hasn't posted all day. I was wondering about how she would react to Monty Hall giving her a goat.
Lee - Apr 08, 2008 2:51:23 pm PDT #433 of 10001
The feeling you get when your brain finally lets your heart get in its pants.
Does it make a difference for company matching purposes
hahahahaha. Not for 5 years.
I was leaning towards the half and half myself, because I probably wouldn't be in a lower tax bracket, unless I am.
sarameg - Apr 08, 2008 2:52:08 pm PDT #434 of 10001
She'd pull a knife and fork out of her back pocket. And possible some spices.
I'm trying to be better organized at work, rather than keeping it all in my head. It's a good thing too, because OMGSOMUCH is going on that even staring at my lists and instructions I'm all wait, what were we talking about again?! Oof.
Jesse - Apr 08, 2008 2:52:25 pm PDT #435 of 10001
Sometimes I trip on how happy we could be.
I finally ate at Applebee's! And it was delicious. And there looked like a lot of other good things on the menu. So there. The only annoyance was that the check was fourteen-something, so I asked for change from my $20, because I was going to leave a $3 tip. Perfectly respectable. But she came back with a $5 bill for me. I over-tipped out of annoyance. Who does that?