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Need some 401k/tax/payroll help
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<blockquote data-quote="Jackburton" data-source="post: 2117126" data-attributes="member: 34538"><p>When I said I changed it back to Roth I meant my contribution level went from 20% pretax to 20% Roth, the change doesn't effect any money retroactively, just future contributions for the year. The limit of 18k was reached by a combination of pretax and Roth money, the limit doesn't care if it's either or, hence why saving into a Roth you actually save more as its after tax money. The taxable income will be effected as on your AGI is effected by the pretax amount.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 2117126, member: 34538"] When I said I changed it back to Roth I meant my contribution level went from 20% pretax to 20% Roth, the change doesn't effect any money retroactively, just future contributions for the year. The limit of 18k was reached by a combination of pretax and Roth money, the limit doesn't care if it's either or, hence why saving into a Roth you actually save more as its after tax money. The taxable income will be effected as on your AGI is effected by the pretax amount. [/QUOTE]
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Need some 401k/tax/payroll help
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