Changes to federal law governing retirement savings plans allow employers to make matching contributions to employees' 401(k) ...
If you're on track to max out your 401(k) plan for 2023 and want to save more, your plan may have another option: after-tax contributions. Stream Los Angeles News for free, 24/7, wherever you are. For ...
Contributing after-tax dollars to a 401(k) might appeal to you if you’d like to be able to withdraw funds tax-free in retirement. Should you decide to leave your job you might be wondering if it’s ...
Will workers earning more than $145,000 want to put those retirement contributions in a post-tax Roth account? Their answer might surprise you. Would you rather pay tax now and have tax-free growth, ...
Roth 401(k) and Roth IRA contributions occur on an after-tax basis. You can withdraw Roth funds tax-free in retirement. The original account owner also avoids future required withdrawals, which ...
For many of us, retirement may seem far away. However, if you ask people who have already retired, many of them will tell you just how fast it can creep up on you. That's why it's important to begin ...
Hopkins said it’s a little “misleading” to think of Roth and traditional 401(k) plans as entirely separate savings vehicles. They’re fundamentally the same type of account — employer-sponsored ...
If you're going to save for retirement, it generally makes sense to do so in a tax-advantaged account. That way, you can shave down your IRS bill in some shape or form in the course of building up a ...