2 ms·
Isn't 401k tax-free in the US? At least where I'm from, people put money into these kinds of pension funds since they don't have to pay any tax on the profits,
by lokedhs 6y ago
Isn't 401k tax-free in the US? At least where I'm from, people put money into these kinds of pension funds since they don't have to pay any tax on the profits, which is usually enough to beat any other low-risk investments.
- dragonwriter 6y ago> Isn't 401k tax-free in the US? Traditional 401k is pre-tax going in, taxed coming out (a good deal for most people, who even with savings are likely to be lower tax bracket in retirement than during much of their working career.) Roth 401k is post-tax going in, tax-free coming out (a good deal if you are saving enough to end up in a higher tax bracket in your retirement than most of your working years.)