Results 1 to 24 of 24

Thread: 401K : Take advantage of it. :::kind of a lengthy post but good.

Hybrid View

  1. #1
    IA Official Groover puregroove's Avatar
    Join Date
    Mar 2005
    Location
    Georgia
    Age
    44
    Posts
    5,189
    Rep Power
    31

    Default

    Right on, guys.

    95boostedteg, I used to think the whole investing deal was about taking money you were making after taxes and investing it until I did some further digging. Instead of letting the taxes eat it up, this is a great way to still keep the money that we work so hard for and still have the money you make after taxes.

    Yeah, I've heard some good stuff about Roth IRAs. I'll need to do some more research on them--good mentioning it.

  2. #2
    Vuong's Garage Vuongy_Dong's Avatar
    Join Date
    Apr 2005
    Location
    Duluth, G-nett
    Age
    44
    Posts
    3,586
    Rep Power
    24

    Default

    Quote Originally Posted by puregroove
    Right on, guys.

    95boostedteg, I used to think the whole investing deal was about taking money you were making after taxes and investing it until I did some further digging. Instead of letting the taxes eat it up, this is a great way to still keep the money that we work so hard for and still have the money you make after taxes.

    Yeah, I've heard some good stuff about Roth IRAs. I'll need to do some more research on them--good mentioning it.
    one catch to the 401k tho. Its takes out of your gross pay tax free. but in the end, when you withdrawl, you will pay taxes. its a good thing and a bad thing. I rather let it make lots of interest during tax free deduction out of my paycheck than letting it take out of your take home pay.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About us
ImportAtlanta is a community of gearheads and car enthusiasts. It does not matter what kind of car or bike you drive, IA is an open community for any gearhead. Whether you're looking for advice on a performance build or posting your wheels for sale, you're welcome here!
Announcement
Welcome back to ImportAtlanta. We are currently undergoing many changes, so please report any issues you encounter with the site using the 'Contact Us' button below. Thank you!