I have a 401k through work, through Fidelity. There is an option for both pre tax, and Roth contributions. They go to one account. How does this work? Is this intentional? Why aren’t there two accounts? How will this affect taxes when I eventually retire? https://imgur.com/a/ju0EtCD submitted by /u/baineschile

Mullenweg Rebuffs Plea To Restore Automattic’s WordPress Core Contributions via @sejournal, @martinibuster Mullenweg questioned at WordCamp Asia about Automattic’s scaled-back contributions to WordPress core The post Mullenweg Rebuffs Plea To Restore Automattic’s WordPress Core Contributions appeared first on Search Engine Journal.

I’m questioning my choice to make Roth contributions after filing my tax return I’m in the 12% tax bracket, so I’ve been making Roth contributions since I figure the worst case scenario I’ll be in the 10% tax bracket and I’m paying taxes now on my investments at a slightly higher rate than I need to. Whereas if I make traditional contributions, the next highest tax bracket is 22%, and the worst case scenario taxwise is, wel…

Employer erroneously doubled my 401k contributions Title says it all. I elected part of my profit sharing to fill the 23.5k limit of my 401k. Woke up this morning and it’s 47k! Happened to other employees as well. Other than notifying the company what else should I do? My funds are automatically invested. Should I try to cancel the automatic order and sit on the money in “cash” until they unscre…

When to stop maxing out 401K contributions My wife and I have been maxing out retirement accounts for almost a decade now. We have extremely generous employer matches as well. (6%) Accumulated ~1M $. We are in our late 40s. When is a good time to stop maxing out and just splurge a little. Based on conservative estimates, we stand to get a combined 6K a month in pension and SS payments st…

How should I manage my retirement contributions I’m 29 with 75k in my 401k and really no other savings. If I stop my contributions for several years will this still compound enough to become a substantial amount by the time I retire? I think it’d be a good idea to build up my regular savings. I’m 5 years into a 30 year mortgage and don’t have much of an emergency fund. Also I’m kinda stuck in…

My employer deposited my HSA contributions after tax Looking through my W2 and I noticed that my employer has been depositing money into my HSA after taxes, and when I asked about it they assusred me that I’d get that back as a deductible. Are they full of it? submitted by /u/pappaceeej

what is the best tax savings strategy with max employer contributions, an SEP IRA or solo 401k? My revenue is over $1M. I could also hire my spouse and max out her retirement contributions, but I don’t know if paying payroll taxes outweighs the benefits of both of us maxing out retirement contributions ($70k). I don’t know if this company will continue this for more than 2 years (my contract is 2 years with potential for renewal), so a def…

Thinking of transferring 5k from savings into Roth IRA to max 2024 contributions For context, I’m 25. In 2024, I contributed around 2k into my Roth IRA. I know I should’ve done more but I was in the process of paying off some credit card debt. I now have my direct deposits set up to max it for 2025. I can’t afford to put an additional 5k by April in order to max 2024; however, I have 19k sitting in a HYSA right now. Biggest …

Why do some companies have a 50% match on contributions to 401k? A company matches 100% of your contributions up to 5% and then matches 50% of your contributions for the next 5%. If you take full advantage of the match and contribute 10% of your paycheck, the company matches will be 7.5%. Why doesn’t the company just match 100% of the contributions up to 7.5%? The match will effectively be the same but you as…

Employer “may” make contributions to 401k? I’m currently enrolled in my company’s 401k plan. The enrollment started at a minimum of 6% and I’ve kept it that way. When we were told about the plan initially it was under the assumption it was employer matched. However, during the time I’ve been enrolled I haven’t seen any information regarding an outright match. I asked around to some cowor…

My job recently started offering Roth 401k should I switch my contributions? Like the title says my job is now offering Roth 401k in addition to a regular 401k. I’m 29 making around 85k. Currently I’m contributing 10% plus a 5% match. Does it make sense to change my future contributions over to Roth? I’m also looking at opening a Roth IRA, but don’t plan to fully fund it. submitted by /u/loganbull

Dumb question about IRA contributions I have a nice problem: I don’t know where to save all of the money I want to save. I am maxing out my 401k already. ✅ I can fully fund my traditional IRA, but my income is too high to take the tax deduction since I also have access to a 401k. So I’m essentially paying taxes twice: using post-tax money to fund the IRA, then paying taxes when I wi…

Donor Pleads Guilty to Making Illegal Contributions to Adams Campaign Erden Arkan, a businessman with close ties to New York’s Turkish community, pleaded guilty in federal court on Friday to conspiracy to commit fraud.

Prior year HSA contributions If you have a HDHP in 2024 but not one in 2025 can you make a contribution to your HSA characterized as a 2024 contribution between 1/1/25 and your tax filing deadline? Assuming you are still under the contribution limit for 2024. submitted by /u/Aggressive-Leading45

Is it “safe” to reduce 401k contributions for a few years to accomodate mortgage payments on a forever home? Wife and I are looking to move into a more permanent condo. Current place is a 1 bed, but with a potential kid coming, we’d like at least 2 bedrooms, ideally 3. We make a combined $220k a year, give or take. However, that includes a bonus payment for me, but it is one that I’ve received every year I’ve worked for my company in the full amount. S…

Should I pause my 401k contributions to pay off CC debt? Hey everyone, I’m 25 years old and make about $48,000/year. I racked up $6,500 of credit card debt over the course of about 4 years and finally started to take action about 10 months ago. I started really budgeting, got rid of unnecessary subscriptions, stopped eating out entirely, and controlled impulse spending. I froze then hid all of my cred…

Understanding the role of my 401k contributions in retirement planning I’ve been maxing out my 401k since I started my job seven years ago, and I currently have about $450k in it. I’m 43, married with three young kids. A colleague of mine in the finance department mentioned that my contributions are ahead of what most people are doing in the company. He said that even if I stopped contributing altogether today, I c…

Retirement Contributions – 401k or Roth IRA? What should the split of my contributions to 401k / Roth? Background, I’m mid-40’s, no retirement savings until 37. Just over $100k salary. Now, I’m up to $135k in 401k and $35k in misc . stocks. Employer matches up to 5% of my contributions, which, by default, are in a standard 401k. My % contribution goes up 1% every year automatically and is …

Can’t Set Up Paycheck Contributions – Vanguard 401k My spouse started a new job in Nov ‘24, and their 401k is thru Vanguard. I set up the account and selected where money should be invested, but I haven’t been able to figure out where to select the savings/deduction rate from spouse’s paycheck. I have scoured the site and have not found any mention of being able to change this. Spouse called head…