{ "media_type": "text", "post_content": "Hello consultants— I need some consulting lol. \nFor anyone who does Roth 401k, let’s say you max the annual contribution ($19,500). Within the Roth 401k, does the contribution itself become taxed ? I.e the contribution of $19,500 becomes ~$12,000 (example) Or, can you pay it off outside the retirement pool —> Where you still have 19,500 in the Roth IRA and let it grow?", "post_id": "615b4c02de2b9f0020ecea83", "reply_count": 4, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Hello consultants— I need some consulting lol.
For anyone who does Roth 401k, let’s say you max the annual contribution ($19,500). Within the Roth 401k, does the contribution itself become taxed ? I.e the contribution of $19,500 becomes ~$12,000 (example) Or, can you pay it off outside the retirement pool —> Where you still have 19,500 in the Roth IRA and let it grow?

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post tax dollars go into the 19.5k

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Yeah. This. And as it applies to your questions, it does not get taxed inside the the Roth. Since your contributions are post-tax money, then it is already taxed. Taxing it again would be double taxing which is pretty rare.

And regarding paying the taxes outside the roth, this is exactly what post-tax means. You’re using money that you’ve already paid taxes on.

So the full 19.5k is working for you.

Typically, the amount will be withheld prior to you receiving a direct deposit. From there, it’s just playing with your contribution percentage until you find the number you are comfortable with. Not a tax professional, but my understanding is that the contribution limit is not affected by whether the fund is Roth or not

You would contribute the $19,500 into the 401k but your employer would deduct from your paycheck as though the contributions were in there.

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