“401 k contributions r taken out of your pay check before taxes” CG that’s the whole point and that’s actually a good thing–unless u enjoy paying taxes. Saving and investing your money tax free is the same as receiving after tax income every 2 weeks ? Really ? Why r 401 k plans so popular? Financial hardship might be what one encounters when you’re 59 and relying on a broke gov’t
NO, m4l. When you’re withdrawing from your 401k you will have lower expenses in those years (you will have paid of your mortgage, not be renting and therefore have lower monthly outlays) and you’ll be earning less.
CDs are so 90s. get an iPod
I have a CD reaching maturity soon – where should I put my dough?
cobble–what means you? I was going to break my no drinking policy for this event. What is going on?
anyone else need financial advice? looks like we’re on a roll this morning. i feel like a less orange suze orman.
HUH. WTF???
If this is true DIBS Productions will have it elsewhere.
Oct 15 IS NOT CANCELLED
CHiller – What happened? Are you both o.k.?
“401 k contributions r taken out of your pay check before taxes” CG that’s the whole point and that’s actually a good thing–unless u enjoy paying taxes. Saving and investing your money tax free is the same as receiving after tax income every 2 weeks ? Really ? Why r 401 k plans so popular? Financial hardship might be what one encounters when you’re 59 and relying on a broke gov’t
ANNOUNCEMENT:
CobbleSnaps Productions is CANCELING the October 15th event a Union Hall.
Please accept our apologies. Many thanks to the posters that were participating in the planning of and activities for the event.
NO, m4l. When you’re withdrawing from your 401k you will have lower expenses in those years (you will have paid of your mortgage, not be renting and therefore have lower monthly outlays) and you’ll be earning less.
So you will be in a lower tax bracket.