Originally Posted by ChristianReyes

"Basically the money you put into your 401k is income that you DON'T pay tax on!!! it would be retarded to not put as much as you can into your 401k, especially if your company matches a certain amount of the money you invest. You can think of the amount the company matches as being a raise. So for me, since my company matches 4%, then I am making 4% more then what I got hired at. Actually more, since that 4% the company matches and the 4% I contribute I don't pay taxes on!"






yes you do... in a 401k you pay taxes after the fact..... you ALWAYS pay tax... its when and on what amount is what matters. and can make the difference.


or thats what i thought...

Originally Posted by ddawg1130

yeah yeah, my bad. you do pay tax on it just if you are withdrawing the money after you retire then your going to be in the lowest tax bracket since you have no income.