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Why a 401(k) Will Yield You More Money Than a Pension
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<blockquote data-quote="Up In Smoke" data-source="post: 5619162" data-attributes="member: 79702"><p>What sort of number were you thinking?</p><p>Full disclosure, I don't participate in the company/Teamster 401K. My wife and I contribute to a 401K and Roth through our business holdings. The government allowed company contributions far exceed any standard company match through a W2 filer employee program. </p><p>Something to also keep in mind. Nearly thirty percent of the states do not tax pensions as income and if you reside or retire there your pension will go 25% further than a 401K.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5619162, member: 79702"] What sort of number were you thinking? Full disclosure, I don't participate in the company/Teamster 401K. My wife and I contribute to a 401K and Roth through our business holdings. The government allowed company contributions far exceed any standard company match through a W2 filer employee program. Something to also keep in mind. Nearly thirty percent of the states do not tax pensions as income and if you reside or retire there your pension will go 25% further than a 401K. [/QUOTE]
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Why a 401(k) Will Yield You More Money Than a Pension
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