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Pre-tax vs. Roth (after-tax) 401k Contributions

Good Financial Cents

A major decision in retirement planning is whether to make pre-tax or Roth (after-tax) 401k contributions. Pre-tax contributions go into your retirement account with money that has not been taxed, and then taxes will be paid when the funds are withdrawn in retirement.

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How To Save For Retirement In Your 20s

Clever Girl Finance

Roth IRA 4. The SEP-IRA (AKA Simplified Employee Pension) Expert tip: Understand your risk tolerance How to save for retirement in your 20s when you’re just starting out How much should I contribute to my 401(k) in my 20s? How much should I contribute to my 401k in my 20s? The 401(k) Plan 2. Traditional IRA 3.

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Microsoft Mega Backdoor Roth 401k: How it Works

Cordant Wealth Partners

What is a Mega Backdoor Roth 401k? The Microsoft Mega Backdoor Roth 401(k) is a feature within the 401(k) plan that allows you to: Save additional money each year on an after-tax basis into your 401(k) and Convert those dollars into a tax-free Roth subaccount.

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How To Save For Retirement In Your 40s And 50s: 11 Key Tips

Clever Girl Finance

Table of contents 11 Tips on how to save for retirement in your 40s and 50s Expert tip: Leverage catch up contributions and celebrate your wins as you save How much to save when saving for retirement at 40+ Catch-up contribution details Is it too late to start saving for retirement at 40? Find out more about the 403b vs 401k.)

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Things to Consider When Deciding Between A Roth or Traditional Retirement Accounts

WiserAdvisor

As widely used as these two accounts are, one of the biggest issues most investors face is in deciding between a Traditional and Roth account. Traditional and Roth 401Ks and IRAs can offer distinct tax benefits. This article also focuses on some key factors to consider when selecting the right 401k or IRA.

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Microsoft’s 401(k) Retirement Plan Details

Cordant Wealth Partners

This article will discuss the key features of the Microsoft 401(k) plan, and after reading it, you should leave with a clear game plan of how to: Maximize the match (free money! ) The key benefits of any 401(k) plan (including Microsoft’s) include: Free Money : A company match on your contributions.

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How Does Microsoft Compensation Work?

Cordant Wealth Partners

Source: Levels.fyi Planning opportunities with salary: Contribute to your 401(k), HSA, and (for those Level 67+) Deferred Compensation accounts to reduce your taxes today. Restricted Stock Units vest over time and are taxed as income at vesting. Incorporate tax planning with your RSU vesting schedule to minimize taxes.