Aug 24, 2017 ... Then it goes into the account and starts growing. When you retire and start taking  out the money as income, you can withdraw it tax-free. Republicans are  considering changing 401(k)s — and possibly traditional IRAs — to work like  Roth IRAs. People who work in the tax, finance, and retirement industries ...
May 12, 2015 ... Those who decided to be a 401(k) lab rat in the first test group are just starting to  get back their results. After 30-plus years of faithfully funding their new retirement  plan, it's time to retire. As you'll see, the last 15 years have not been kind to them,  but that should have been no surprise. The supposedly ...
If you can think of some, please put in comments and I will try to address. CONS  of 401Ks. Let's look at it conceptually for a second and then I will look at the cons.  You are paid money by an employer. You have that money in your hands for five  seconds, and then it is whisked away into this account and you can't look at it ...
Employees now pay Social Security and Medicare payroll taxes on their  contributions to tax-preferred employer-sponsored retirement accounts, such as  401(k) plans. They don't, however, pay these payroll taxes on their contributions  to some other types of benefit plans at work, like flexible spending accounts.  Collecting ...
Sep 15, 2015 ... The $5,000 a month they pay on their home mortgage eats up most of the $7,750  they take home after taxes and Kevin's contributions to his 401(k) ... The Martins  say they believed that would cover the total bill for rebuilding, even in the unlikely  event that their home was ever completely destroyed by fire.
Some even advocate wiping out 401(k)s entirely and replacing them with government-run accounts.