401K Financial Planning

asked:


If i made 50k and contributed 3k to my 401k would my AGI be 50, or 47k? If its still 50, where do I deduct my 401k money? Is this under “other itemized deductions” or “other adjustments”. I appreciate the help
Also, If my employer puts in another 2k for me, does this benefit me in relation to any deduction?

Customer Service Software

The REAL Steel Deal!!! asked:


I have a 401K, I have moderate distribution. In the past week, I have lost money as a result of the declining market. I want to make sure the bleeding doesn’t get out of control. Any advice?
So far, all excellent answers. It is going to be a tough choice to give the 10 points. Good advice is better than -5 points anytime. Thank you all.

Mortgage Debt