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I will start my 401k in December - any advice?

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  • I will start my 401k in December - any advice?

    Hi all, I fully transfer to the US company from December this year.

    I wondered if there is something (legal) I could do and benefit from it.
    For example, would it make sense to pay most of my salary to 401k this year? Would I save on tax this way?

    Any other comment would be great as well. Something like, If I were you I would...

  • #2
    Originally posted by mirekti View Post
    Hi all, I fully transfer to the US company from December this year.

    I wondered if there is something (legal) I could do and benefit from it.
    For example, would it make sense to pay most of my salary to 401k this year? Would I save on tax this way?

    Any other comment would be great as well. Something like, If I were you I would...
    401k would help you defer your taxes. Also, if your company is matching 401k, they may not match over a set monthly limit even if your yearly limit is not reached. learnt it the hard way. If you are looking to save taxes you may want to consider HSA too. IRA and roth are other alternatives for tax deferment.
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