The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/i-think-that-my-tax-benefitsimplications-should-16104908.aspx

Subject:  Re: Continue 401(k) contributions? Date:  11/13/2001  6:52 PM
Author:  ptheland Number:  32506 of 75693

I think that my tax benefits/implications should be the same either way, right?

The biggest difference is that you can only contribute $2k to an IRA this year. (Next year is $3k IIRC.) The max for a 401k is $11k. If you're putting more than $2k into the 401k, you won't be able to put as much as you were contributing into the IRA.

--Peter
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us