A Roth 401(k) has after-tax contributions and tax-free withdrawals during retirement. 401(k) withdrawals before age 59½ may be subject to early withdrawal penalties.

Between your employee contribution, your after-tax contribution and your employer contribution or match, you are limited to an annual maximum of $70,000 for 2025, $77,500 for those age 50 and ...

Republicans in the U.S. Congress scrambled on Thursday to resolve nettlesome tax and health care provisions in their sweeping ...

That obscures who’s benefiting from the tax cuts that their donations — tax deductible in the case of the State Policy Network and ALEC — helped bring about. In 2021 alone, DonorsTrust funneled around ...

Key Takeaways. An after-tax 401(k) contribution allows you to deposit more than the $23,000 pretax limit for 2024 ($30,500 for those age 50 or older).

House Republicans are sprinting toward a vote on President Donald Trump’s tax and spending cuts package. The Republicans are ...

I have recently become the power of attorney for my father. In reviewing his documents, I found that he had been making after-tax contributions to his 401(k) plan all these years. I know that ...

Advisors should note that the income phase-out ranges have also gone up for 2023. The income phase-out for Roth IRA contributions for 2023 for single filers is $138,000 to $153,000 – up from ...

For those who are able or wish to, you will be allowed to sock away even more money into a 401(k) or IRA next year. The IRS this week announced it was raising the 401(k) contribution limit to ...

For tax year 2025, employees can defer $23,500 into their 401(k), a modest increase from the $23,000 contribution limit in 2024. The limit on annual contributions to an IRA, however, remains what ...

These after-tax contributions are really only something you run into at sophisticated, high-level corporations. Some good news for the rest of us, though: If you do have a 401(k), you can save way ...

High-Earning Retirement Savers Are Losing Some of Their 401(k) Tax Break Catch-up contributions will have to be done after taxes for those who make more than $145,000.