Thread: 401K Question...
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Old 08-13-2006, 09:23 PM   #98
luv luv is offline
You think you can get by this?
 
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Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $-1180000
Quote:
Originally Posted by Moooo
So if you make a lot you aren't AS eligible as if you were making a lower income... interesting...

I'm still trying to learn the differences between the IRA and 401k after the employer stops matching or if they don't (as in luv's case).

Moooo
One difference would be that my contributions are deducted from my paycheck before taxes are taken out. I think I would have to put money into an IRA myself. I'm probably wrong on that. I'm not sure. I'm limited on what I can do with my 401k based upon option that my employer chooses. Like, right now, I can no longer borrow against my 401k.
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