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Originally Posted by eDave
It's still a 401K.
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Quote:
Originally Posted by Chazno
Its still a 401k. You'll be taxed on distributions. Don't contribute post tax dollars to it, open a Roth IRA and put those dollars there.
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Quote:
Originally Posted by Rain Man
I'm 95 percent sure that's different. If it went through your employer it likely wasn't a Roth then, so unless you specifically converted it (paying some extra taxes in the process), it's not a Roth now.
If you're contributing post-tax dollars and it's not a Roth, you should be deducting those contributions on your tax forms.
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Mother****er! Sounds like I ****ed myself a bit.
Thanks, guys.