Quote:
Originally Posted by Jim in CT
Remember, if you put money into a pre-tax 401(k), you don't avoid taxes, you delay them. The trick is to pay your taxes when the rates are lower. I put all my money into an afetr-tax (Roth) 401(k). I prefer to my taxes today.
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I agree but unfortunately our Government doesn’t allow everyone to have a Roth…………you know, all the rich millionaires………
If you aren’t eligible for a Roth, you could put taxed pay into a 401K that will not be taxed later (the gains will be taxed though).