Giles ,'Lies My Parents Told Me'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Chico = Party school
Humboldt = Stoner school
This? SO true! Except I was so poor that I could barely afford milk and the $0.25 donuts in the study room in the Wildlife Dept. So sad. I remember being so thankful that my mom sent me $10 so I could go to McDonalds!
Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Jumping to the end after reading this:
Maybe because I have an undying love for Spiderman and his Amazing Friends.to say that Vortex and I are clearly separated at birth. FIRESTAR! I wanted to be her SO very badly.
Okay, going back to read the rest of the conversation now...
Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Does it make a difference for company matching purposes?
The argument for pre-tax is that your income bracket (and therefore taxes) are lower in retirement.
However, IMO, it is very likely that tax brackets will have to rise in the future so I wouldn't bet on your bracket being lower. Also, even though you pay taxes now, the Roth grows tax free, so you are paying taxes on $5000 now, but not $50,000 (or whatever) later.
That being said, I have a regular 401K because that's what my firm matches and I can't contribute more than the match right now. When I can though? I will put the extra over the match into a ROTH.
ETA: Personally, I might do 1/2 one, 1/2 the other.
Does anyone know if I want to make my 401K plan contributions on a pre-tax basis or a Roth basis?
Go Roth. Choose Roth. If you take money out of a Roth before retirement, you're only penalized on the interest. The argument behind pre-tax is that you'll be in a lower tax bracket when you start withdrawing money, but that's often not the case.
Hey, where's ita? have I missed her posts in my work-skimmage?
I don't recall seeing ita post today.
She hasn't posted all day. I was wondering about how she would react to Monty Hall giving her a goat.
Does it make a difference for company matching purposes
hahahahaha. Not for 5 years.
I was leaning towards the half and half myself, because I probably wouldn't be in a lower tax bracket, unless I am.
She'd pull a knife and fork out of her back pocket. And possible some spices.
I'm trying to be better organized at work, rather than keeping it all in my head. It's a good thing too, because OMGSOMUCH is going on that even staring at my lists and instructions I'm all wait, what were we talking about again?! Oof.