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A comment on California population declines for first time in more than a century. Parent comment

Re:California population declines for first time in more tha... by strictnein on Saturday May 08, 2021 @03:24AM (#27084772)
401ks are pretax money.

In general, people put ~5% of their (pretax) money into 401ks because, on average, companies will match that ~5%, effectively doubling your retirement savings instantly.

A common thing to utilize after that is a ROTH IRA, which is paid with after tax money, but the money grows tax free. The max ROTH IRA contribution per year is $6k, $12k if you're married.

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Re:California population declines for first time in more tha... by andi999 on Saturday May 08, 2021 @03:27AM (#27084792)
Is the matching by the company also tax exempt?
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Re:California population declines for first time in more tha... by sokoloff on Saturday May 08, 2021 @06:53AM (#27085911)
It is tax-deferred, meaning you’ll pay tax on it later.

Tax-exempt would be never paying tax on it.

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Re:California population declines for first time in more tha... by throwawayboise on Saturday May 08, 2021 @04:46AM (#27085175)
Yes it is
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