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Originally Posted by chiefsplanet
You might want to put a link up on that. Every 401 I've been tells you up front that uncle sam is going to get the taxes when you take the money out of the account. Any interest earned is on non taxed funds therefore taxable.
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This is what I responded to:
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Originally Posted by chiefsplanet
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Originally Posted by shortbuskid
The ONLY way I would do post tax is if it means the money isn't taxed when it comes out at your retirement.
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Any growth is taxed when you take it out.
Your other options are to invest in the market if you feel brave enough to get into that game. Some do well, others bottom out.
A 401k is a retirement account, but it is not one that will keep you from sinking if you don't know how to handle your money.
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shortbuskid referred to post tax money, which means Roth IRA's or Roth 401k's. A post-tax retirement plan is tax-free when you take the money out, assuming no penalty for early withdrawal, etc