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Traditional 401k or Roth 401k

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Traditional 401(k) or Roth 401(k)?

Contributions to a Traditional 401(k) plan are made on a pre-tax basis, resulting in a lower tax bill and higher take-home pay. Contributions made to a Roth 401(k) are made on an after-tax basis, which means that taxes are paid on the amount contributed in the current year. Use the MidFirst Bank Traditional 401(k) or Roth 401(k)? Calculator to help you analyze your net benefit between a Traditional 401(k) and a Roth 401(k).

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