Retirement Plan Help

[upendra_super]

again clarify this example in detail plz

employer match varies from employer to employer they usually do  $ match until certain % of your salary.

 

if u contribute certain % of your pay to 401k then employer will also contribute same amount until certain % of your salary.  

[upendra_super]

ok good. Also any idea on desi employer contributing to it ? general ga adugutunaa

desi employers mostly cheyaru as we work on % basis

[D.V.S.KARNA]

upendra super anna adi ardam ayyindhe...first case lo 70 understand....but secnd case lo 49 & 85 not understand

[upendra_super]

upendra super anna adi ardam ayyindhe...first case lo 70 understand....but secnd case lo 49 & 85 not understand

if u go with 401k then if u keep 30$ u r employer also keeps 30$(assume) so u r amount is 60$. to get this 60$ before u r retirement u pay 10% fine and  30% tax so u might get only 60% of 60$ which is 36

 

so u r income is 70% of 70 (as 70 is only u r taxable income) 49  +36 = 85 instead of 70 in first case.