So, the Federal government will now permit employers to automatically enroll employees in 401K plans. Fifty major companies have already signed-up workers. Employee contributed money is matched in whole, or in part by employers. If your company will match your contribution and you don't take advantage of this benefit you are simply throwing money away. Have as much deducted from your paycheck that you can reasonably afford.
Contributions go in and come out at the time of retirement pre-taxed, or without tax withheld.
Taxes must be paid at the time of pay out. Remember - you and you alone will fund your retirement account. Check out a new offer from Bell South Mobility . Each minute is charged at about .40 cents. The service is valid for six months.