ajm757
Well-Known Member
Hey guys,
I wanted to get a better understanding on the 401k (DC) plan and how the 16% DC works. I also want to see if it's better to go the Traditional or Roth option.
Let's say I have 35+ years at a Legacy. I know I can, right now, put $19.5k in as my employee contribution. (This is also what I am doing at current shop). Should I put my contribution as pre-tax (traditional) or post-tax (Roth)?
After I max out my employee contribution, how does the 16% get added to the account? Can this be pre-tax or post-tax, or both? I am somewhat familiar with the 415 limits up to the $58k or so.
Just looking for general info on how to make this work the best way possible for me in my situation. Thanks!
I wanted to get a better understanding on the 401k (DC) plan and how the 16% DC works. I also want to see if it's better to go the Traditional or Roth option.
Let's say I have 35+ years at a Legacy. I know I can, right now, put $19.5k in as my employee contribution. (This is also what I am doing at current shop). Should I put my contribution as pre-tax (traditional) or post-tax (Roth)?
After I max out my employee contribution, how does the 16% get added to the account? Can this be pre-tax or post-tax, or both? I am somewhat familiar with the 415 limits up to the $58k or so.
Just looking for general info on how to make this work the best way possible for me in my situation. Thanks!