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The Water Cooler
General Discussion
401k contribution - Yay or Nay
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<blockquote data-quote="swampratt" data-source="post: 3889403" data-attributes="member: 15054"><p>When I began working at FAA they asked me how many dependents and I claimed 14</p><p>so they would not hold as much tax from my paycheck but at the end of the year when you file taxes that number of 14 does not have to match the tax return form.</p><p>I only claimed the 2 kids and the wife and I filed together.</p><p>Yes I paid in nearly 2,000 at the end of the year but I saved much more than that amount paying the house off early.</p><p></p><p>Not everyone needs to make that move but for me is was a smart money move.</p><p>I lived way below my means and back then.</p><p>Still do.</p></blockquote><p></p>
[QUOTE="swampratt, post: 3889403, member: 15054"] When I began working at FAA they asked me how many dependents and I claimed 14 so they would not hold as much tax from my paycheck but at the end of the year when you file taxes that number of 14 does not have to match the tax return form. I only claimed the 2 kids and the wife and I filed together. Yes I paid in nearly 2,000 at the end of the year but I saved much more than that amount paying the house off early. Not everyone needs to make that move but for me is was a smart money move. I lived way below my means and back then. Still do. [/QUOTE]
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