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Roth 401K Deducts Before Taxes

Mar 23, 2016 11:45PM EDT

The amount designated as a retirement deduction in my budget reflects a pre-tax amount, as opposed to post-tax. My profile has selected the retirement deduction as a Roth 401K which means the amount should be post tax but the budget calculation doesn't account for that.

Best Answer

HelloWallet Support Answer

Mar 24, 2016 05:23PM EDT
Joe
HelloWallet Support

Our budgeting tools are set up such that you shouldn’t be entering payroll deductions into your budget. The amount of your total budget should be your take home, so budget items should all reflect things you pay for out of pocket, not deductions, whether pre- or post-tax.

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