Your 401(k) Is a Tax Machine — Here’s How to Use It
By Maya Chen | Aedilis Most people treat their 401k like a savings account — put money in, hope it grows, retire someday. That’s not wrong, but it misses the most powerful part of what a 401k actually does: it reduces your taxes right now, this year, dramatically. The Immediate Tax Math Earn $80,000. Contribute…