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Topic	Do you have a 401k?
GoriIIa 06/07/17 11:35:48 AM #19:	philsov posted... GoriIIa posted... Just started working and new to all this. Shove in whatever your company matches. Free money is amazing down the road. 401k notably is also pre-tax income, so if your annual paycheck is 50k and you put in 10% to the 401k, you're only taxed at 45k. You then get taxed later at retirement (or whenever you withdraw from the account), but it's net less taxes. Ah I see. And to max out is $5000/yr? --- f* dean spanos <cite>GoriIIa posted [p:880588661] in Do you hav... [t:75431886]...</cite> <quote><cite>philsov posted...</cite> <quote><cite>GoriIIa posted...</cite> <quote>Just started working and new to all this.</quote> Shove in whatever your company matches. Free money is amazing down the road. 401k notably is also pre-tax income, so if your annual paycheck is 50k and you put in 10% to the 401k, you're only taxed at 45k. You then get taxed later at retirement (or whenever you withdraw from the account), but it's net less taxes.</quote> Ah I see. And to max out is $5000/yr? --- f* dean spanos</quote> ... Copied to Clipboard!
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