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Old 07-29-2009, 04:50 PM   #15
Gas Man
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Join Date: Feb 2008
Location: Imported from Detroit
Moto: 2009 HD Street Classic
Posts: 12,149
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401b = after tax contributions = you dont have to pay taxes on it when you start to draw

401k = pre tax contri = it lowers your current taxable pay level so you dont get taxed more now. When you draw from it, you make less so again, you don't get taxed as much then either.

403b = wiki definition

As far as your old account. Roll it over to a good IRA
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Last edited by Gas Man; 07-29-2009 at 05:30 PM.. Reason: cornfused on the "B"s
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