Quote:
Originally posted by lendaddy
I caught a brief segment on this. Bottom line is:
You pay tax upfront on your contributions as opposed to on the backside. So once the money is in your account it's tax free....tax free during growth...tax free at withdraw (after retirement). What am I missing here, is this not the holy grail??
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Yeah that is nice, but it is nice to have money in pre-tax to let it work for you.
Hugh I am in the same boat haven't qualified for a IRA for the last 5 years, so I max the 401K, and dump as much into my deffered comp as possiable.
Michael