 Why won't investment bankers at Meryll Lynch be prosecuted? |
| Just wondering...so these investment bankers at Meryll Lynch who pretty much destroyed the country...they won't be prosecuted for their greed? If good ole Martha Stewart was put into prison for ... |
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 Why are the financial markets down after Obama's win? |
Additional Details
Hey..hey..hey..I hate greed.....but I still want to know your thoughts...... |
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 Anybody wanna help? |
| What is the best field to invest my money in nowadays?... |
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 Finding your shares? |
What is the first thing you look for? price? or something else?
How do you find which shares YOU buy?... |
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 What is the cheapest best stock on the market? |
| cheap and goes up alot, something like under $50 but more than $10... |
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 I am thinking of investing in stock? |
| I need some tips. How do i investest? Do I need a broker.I am thinking of buying 1000 shares of dupont. yes I know they are in a lawsuit now but I want them incase they jump up.... |
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 Should I invest in a college savings plan or pay back my mortgage early ? |
| My wife and I have 2 young children (2 and 4), we live in California and our income is around 200k/year. We owe $700k on our mortgage (rate: 6.25%, 30 year fixed) and we try to contribute the maximum ... |
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 Do you think the current bank failures are a result of GOP deregulation? |
| It seems this is all a redux of the S&L bailouts during the Reagan Era. Reagan may be gone, but his Reaganomics live on as Bushonomics and McCain-omonics, as I just read on yahoo news how he'... |
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| I previously asked a question about cd's , and someone answered ING What is ING ?... |
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 HELP!! Anyone who is knowledgeable about stocks!? |
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 I found old stock, Is it worth anything? |
| Does Palatine Stores Inc, state of Illinois, still exist? I found stock from 1922. What can I use to track it down?... |
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 Why is the vaule of the US dollar dropping? |
| Is it better to invest in the Euro market?... |
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 Why is it that opening and (prior day) closing securities prices don't always match? |
| Does some trading take place overnight, maybe internationally? Are there any other factors?... |
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James B | Should I contribute pre- or after-tax dollars to my 401K Plan? |
I am 28yo earning $45K and investing 6% of my gross income to a company-matching 401K Plan. I signed up for after-tax contributions thinking that it would be better to pay taxes now vs. ten years from now when I'll be in (hopefully) a higher income bracket. I've considered, but don't know, to use some of these monies in three to five years to invest in real estate. Now I am questioning that move after reading information about pre-tax contributions. Which option is better now and in the long run? Can I change my contribution to pre-tax if that is more beneficial even though I already signed up for after-tax? |
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timbow310
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You are better off contributing pre tax $. You will not be paying tax on this until you start taking money out. You definitely don't want to do that before age 59 1/2 or you will get socked with a colossal penalty that will kill your earnings. Think of a 401k as long term savings and start a different type of savings for your short term goals. I wish I started saving at 28 and did not touch it. Use a financial software and figure out how much you will save by age 60 if you keep investing at your present plan - you will have a bundle. Good luck |
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varr61
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If you contribute only after-tax dollars, you need only pay on the interest earned when you receive pay out. Whereas, if you contribute only pre-tax dollars, you pay on both interest and contributed dollars at pay out. |
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wishboneattack
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I did pre tax on 401K which came out before any taxes. I didn't have the option to do the other. If I did I would have done it the way you are. Because later down the road Taxes will prolly be higher then they are now and I will be paying more to the government then what I am now. I do not think I would change it. There are many options when investing in real estate, but not to many to secure your future when your an everday joe making 45K a year. Ask a financial advisor for advise at work. Our 401K rep would help us with these decessions for free. Heres something else to consider too, look at the dollar value and how it is dropping. You might mention that to your financial advisor and see what steps to take to make sure if there is a crisis youre going to be protected. |
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Jimmy in Ohio
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For a tradition 401K you should definetly contribute with pre-tax money. It reduces your tax burden. In either case you will pay taxes when you withdraw from your 401K. Keep in mind if you withdraw funds for what you propose, you will need to set-up a payment plan to replace the monies removed, otherwise it will be treated as an early withdrawal and you will pay penalty fees and taxes at capital gains rates accordingly. Hope that helps. Check out the IRS' website for additional info. |
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hnksvr
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Pretax for your 401k, after tax for a Roth IRA |
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Mike K
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max out your 401K to the point of where the company matches with pre tax dollars and then contribute to a Roth. |
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debra j
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i think it best to set down with a financial advisor who knows the ins and out of these plans. some 401k's only allow you to pull for emergencies then have stiff contingencies to enter back in to contribute. you can make an appointment to sit with an advisor it does not have to be a long term committment. have a list of your questions already made out to make the best of your time and do some research on your own ahead of the appointment. also make a list of your financial goals. |
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r1ckpicon
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401k is only pre tax contributions. IRA accounts are after tax |
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