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re: Only 13% of workers under 50, could answer 4 of 5 financial literacy questions correctly
Posted on 5/24/22 at 1:22 pm to TigerintheNO
Posted on 5/24/22 at 1:22 pm to TigerintheNO
quote:
5)401(k) contributions are not taxed until withdrawal.
False, not all 401(k) contributions are taxed at withdrawal only traditional. Roth 401(k) is taxed at contribution.
Link to the source for this test?
This post was edited on 5/24/22 at 1:29 pm
Posted on 5/26/22 at 8:57 pm to TorchtheFlyingTiger
I think you added the word Roth then claimed the answer is false, when in reality the answer to the question asked is true.
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