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re: Question about a pension plan and income during retirement
Posted on 1/8/21 at 6:00 pm to Huey Lewis
Posted on 1/8/21 at 6:00 pm to Huey Lewis
Thanks.
That was pretty much my question.
I believe that I will not be offered a Roth at work but only a “traditional” tax deferred vehicle. I don’t believe they match any but I will get a pension that can be up to 100% plus pulling any money out will only increase my income in retirement.
So that means the smart choice is to focus on putting 6K/year into my personal Roth then contribute to the deferred plan at work
That was pretty much my question.
I believe that I will not be offered a Roth at work but only a “traditional” tax deferred vehicle. I don’t believe they match any but I will get a pension that can be up to 100% plus pulling any money out will only increase my income in retirement.
So that means the smart choice is to focus on putting 6K/year into my personal Roth then contribute to the deferred plan at work
Posted on 1/8/21 at 6:06 pm to tigersint
Also from my understanding,
In a traditional acount you:
Pay taxes on the gains
In a roth you:
Do not pay taxes on the gains
In a traditional acount you:
Pay taxes on the gains
In a roth you:
Do not pay taxes on the gains
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