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After-tax 401(k) contributions can be withdrawn at any time with no tax or penalty. Unlike the rigid rules on withdrawals in a core 401(k), the after-tax 401(k) ...
After-tax 401(k) contributions don't secure you an immediate tax deduction as ordinary contributions do. But they allow you to contribute beyond the annual 401(k) contribution limit to your 401(k ...
Beginning in the 2006 tax year, employees have been allowed to designate contributions as a Roth 401(k) deferral. Similar to the provisions of a Roth IRA, these contributions are made on an after-tax basis. For accumulated after-tax contributions and earnings in a designated Roth account (Roth 401(k)), "qualified distributions" can be made tax ...
Any 401(k) withdrawal that occurs before age 59 1/2, however, may be subject to an additional tax and a 10 percent penalty. Roth 401(k): Contributions are made with after-tax dollars, meaning you ...
Withdrawal rules differ for a Roth 401(k). A Roth 401(k) is funded with post-tax money, unlike a traditional 401(k) made with pre-tax contributions. For a Roth 401(k), you can withdraw money ...
Roth 401(k)s come with many of the perks traditional 401(k)s provide. Like the latter, employers sponsor these retirement plans. However, you use after-tax money to contribute to them instead of ...
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