I have a 401K plan at work. It gives me the option to select contribution percentages for both?
Friday, July 25th, 2008
Gato asked:
PRE-tax and AFTER-tax dollars.
PRE-tax and AFTER-tax dollars.
If I contribute $$ using AFTER-tax dollars, would that have the same principals as the ROTH IRA or other ROTH plans in general?
Would my AFTER-tax contributions into my 401K plan grow tax free and also be TAX free when I go to withdraw it?
Thank you.
Question posted courtesy of: Sam
