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The Rules for Roth Contributions

Retirement Answer Man

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The Importance of a Roth Contribution

The big catch here, and I felt this pretty hard this year personally, is that if you contribute your 401K contribution as post-tax, Roth contribution, that is taxable income just like you would have received it in your paycheck. So what are some general rules on whether you should contribute as a Roth or not? Well, obviously what are your long-term goals? That's key. Another question is, can you afford to pay the taxes now?

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