Understanding Employer Contributions
The discussion emphasizes the importance of taking advantage of employer matches in retirement accounts, highlighting it as free money that should not be overlooked. Additionally, the conversation clarifies misconceptions about tax brackets, explaining that only the marginal dollar is taxed at the higher rate, which can empower individuals to make informed decisions about their retirement contributions.In this clip
From this podcast
ChooseFI
428 | Fees, Frugality, and 401K Fears
Related Questions
If we have an income of $210,000 and are maxing out our 401(k)s, does that make our MAGI $164,000 and therefore eligible to write off pre-tax traditional IRA contributions?
If together we have an income of $210,000 and are maxing out our 401(k)s, does that make our MAGI $164,000 and therefore eligible to write off pre-tax traditional IRA contributions?
If we have a combined income of $210,000 and are maxing out our 401(k)s, does that make our MAGI $164,000 and therefore eligible to write off pre-tax traditional IRA contributions?