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Deferred?

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  • Deferred?

    Company will match 3.5% if the participant puts in 6% of their income in the 401(k) plan.
    100% match on first 1% deferred
    50% match on the next 5% deferred

    Would that be pre-taxed or roth ira or both?

  • #2
    Company match always goes into tax-deferred. Your contribution is your choice, if your company offers both.

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    • #3
      Originally posted by Petunia 100 View Post
      Company match always goes into tax-deferred. Your contribution is your choice, if your company offers both.
      Thanks Putunia

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      • #4
        Originally posted by fruitbowlk View Post
        Company will match 3.5% if the participant puts in 6% of their income in the 401(k) plan.
        100% match on first 1% deferred
        50% match on the next 5% deferred

        Would that be pre-taxed or roth ira or both?
        An Individual's contribution can be pre-tax or Roth
        A company's contribution is always (?) pre-tax.

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