PRU 401K Deduction?...
- Thread starter The Chosen 1
- Start date
Brownslave688
You want a toe? I can get you a toe.
Why would you do after tax to a traditional?
UpstateNYUPSer(Ret)
Well-Known Member
The only reason I can think of is he has maxed out his pre-tax contributions.
Jkloc420
Do you need an air compressor or tire gauge
so i can get it out if i ever need it
Jkloc420
Do you need an air compressor or tire gauge
the after tax you already paid taxes on it
UpstateNYUPSer(Ret)
Well-Known Member
401k's are not piggy banks.
Jkloc420
Do you need an air compressor or tire gauge
thats why i do both, i do after tax so if i need it for an emergency i have it plus it pays more then a back
UpstateNYUPSer(Ret)
Well-Known Member
It's your decision but if it were me I would bump up your traditional to 10%, cancel the Roth and use a credit card for "just in case".
Jkloc420
Do you need an air compressor or tire gauge
i dont have a roth period, i bump it up every raise, i hate using credit cards
UpstateNYUPSer(Ret)
Well-Known Member
then why in the world are you doing both before and after tax??
Jkloc420
Do you need an air compressor or tire gauge
i just told you above, so i can get it out in an emergency, i make more in my 401k after tax vs putting it in a bank account. 5 percent is also the max you can do after tax. My 401k is just a regular 401k through prudential
Brownslave688
You want a toe? I can get you a toe.
That's what savings is for. Not your 401k
UpstateNYUPSer(Ret)
Well-Known Member
THIS MAKES NO SENSE!!!!!!
Jkloc420
Do you need an air compressor or tire gauge
you dont make anything in a bank account, I get it, but it is about making money. With the stock market hot right now it is a better investment
Jkloc420
Do you need an air compressor or tire gauge
how much are banks paying you, one percent maybe 2 percent
Brownslave688
You want a toe? I can get you a toe.
No it's not because the day you have an emergency could be the day after the market tanks.
You're playing with fire.
Jkloc420
Do you need an air compressor or tire gauge
you know before tax you cant take out but for a few things, after tax comes out whenever you want. I cant touch the before tax money, just after tax
Brownslave688
You want a toe? I can get you a toe.
That changes nothing.
DriveInDriѵeOut
Inordinately Right
He's saying if you happen to need that money when the market is in a downswing you could take a loss by withdrawing. You need liquid savings isolated from the market for emergencies.
Jkloc420
Do you need an air compressor or tire gauge
you have to take a risk if you want to make money, the market can go down anytime.
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