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Are the amount we put in pre or post tax?

Nov 20, 2016 10:19PM EST

When we are filling in pension and/or social security amounts in the Retirement Planner should the amounts be pre or post tax amounts?

I ask because the social security tool-tip makes it sound like it should be pre tax but the amount it pre-populated for me appears to be post-tax.

Best Answer

HelloWallet Support Answer

Nov 21, 2016 12:25PM EST
Kathleen
HelloWallet Support

Great question! Our tools are set up such that you shouldn’t be entering payroll deductions into your budget. You should enter your pre-tax amount.

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