401(k)

Feb. 28th, 2011 09:13 am
[personal profile] bertine
[Poll #1711386]

I haven't even thought about this yet so if you feel strongly about this, tell me why. Links would be nice.

Date: 2011-03-02 07:46 pm (UTC)
From: [identity profile] patrickwonders.livejournal.com
Maybe I don't understand. I though 401(k)'s were pre-tax and IRA's are post-tax, in which case rolling into an IRA would mean paying taxes on it now.

I gotta be confused though. What else would make IRA's different than any other investment if not tax-deferral?

Date: 2011-03-09 03:03 pm (UTC)
From: [identity profile] bertine.livejournal.com
I think there are IRAs that you can rollover your pre-tax dollars or something and then you can't touch it without paying a lot of taxes on it. This isn't confusing, just I haven't giving a lot of thought to it. I just know that I did it with my last job because it made sense then and it looks like it make the most sense now.

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