Today Chip discusses the most frequently asked questions related to 401(k) contributions. Should you use a ROTH or a traditional 401(k) account? How does my income translate into taxes implementing one or the other? How does the 2020 Secure Act add another level of consideration to which accounts is favorable? Isn’t it always favorable to shield my current income from taxes now?
Pre-Tax vs. Post-Tax: Navigating the Impact on Your Finances
Pre-tax vs. Post-tax: Understand the tax impact on savings & investments. Learn how to choose the right strategy for your financial goals.