Originally Posted by
captain152
I believe the 401k deposit is an option. Not a non-negotiable deal. I could be wrong though.
I'm not a financial guru, nor a tax wizard, but would the 401k deposit be an option for those not wanting to be bumped into the next tax bracket?
Unless you put it in a Roth, you're going to be taxed anyways.
If you put it in a regular 401k, not only are you going to be taxed on this money, but you won't have the money with which to pay the tax -- it'll all be in your 401k account. You'll end up with less money than you would've with just your regular salary.
Not saying the 401k is a bad idea, just make sure you understand how it all works.