From: Lesley Groff To: "Cuti, Anthony J" Ce: Ike Groff Subject: Re: 401K vs 529 Question... Date: Mon, 02 Nov 2015 18:54:40 +0000 so much.. -I am not sure traditio out you On Nov 2, 2015, at 1:38 PM, Cuti, Anthony ld the 401k be a traditional 401k ora Roth 401k? > Typically, 529 plans are not tax deductib will grow tax-deferred until the funds are distributed would need to be used for qualifying college expenses nal or r federal purp Roth 401K. However, The ubje toa ..I am funds not upon withdrawal. > > will allow up to a $10,000 annual deduction for would need to ider potential gift tax issues recipient. u contributed to a traditional 401k, you can put up to $18,000 for 2016, current year taxable income. > > Thanks, > Anthony > Anthony J. Cuti II, > Direct Tel (973) 577-1616 > > > Monday, bh > Cuti, Anthon ..-hoping I can ask you a quick question ....my empl and I are di Starting me up with a 401K (where he would mat my contribution 100%) vs n...my boss thinks it may be more benef al, tax wise on our part, but he is not sure...might you know tax wise what is best for us? > Lesley (and Ike) Groff > > Cte e eee eee eee eee eee ee eee ee eee ee eee eee eee ee ee ee eee ee eee ee eee ee ee eee ees The information in this email is for the addressee. the intended recipient, be taken in reliance nts an pi s or din confidential and may to this email by an ire, be email are engagement letter. MCR TTCTCTITCCCCCT TLIC TITEL LL LLL LLL LLL LLL 1ibited and may tained in this ning KPMG ient iditions expr the be legally priv rileged. action addre or any unlawful. When subject to ta} ssed to the terms and It in 10% penalty which is yo or EFTA00336481 joint filers. if giving more ussing starting a if he u our were omitted