Thursday, August 05, 2021 10:53:58 AM
The 401K is funded with before tax money, and the company usually matches up to some level. You can make as much money in it as you want, and only pay normal taxes on it when taking a distribution.
In a Roth, it is funded with after tax money, and you can make as much money in it as you want, company does not contribute, but ALL of it is tax free upon distribution. I didn't have a Roth, but now I wish I had done so. My 401K rollover is now in thee high 7 figures. If that was in a Roth, I could take it all in cash and pay no taxes.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM