Thursday, September 9, 2010

I have a 401K at work, mainly for an easy way to save...?

and for the fact that no tax is taken from the amount I invest.



My question to you is this-IF I have 100 dollars a month taken from my paycheck and invested in my 401K, how much less money will be taken out of my paycheck for taxes?



What about if I saved $200 or $300?



As an fyi, my gross pay every 2 weeks is right at 1300 dollars.



Thank you for your help!