The amount of money going into my ROTH 401k employer plan matches the percentage that I am contributing in pre tax dollars, which confuses me.
Basically this is the first year I've had a real job and I'm contributing 11% of my salary to my ROTH 401k, what I see on my check from my employer is that they're taking out $201 from the biweekly check for the ROTH 401k, (which is 7%, 4% employer match), that is 7% of my pre taxed dollars. I assumed that when Vanguard gave me a statement they would show I contributed something like 2/3rds of that since that's roughly what my effective tax ends up being. But instead of seeing $130 from me and $75 from my employer, I'm seeing $201 from me and $115 from my employer.
So when do I actually get taxed for this? I assumed I would see the 11% deduction on my paycheck, and then 2/3rds that amount in vanguard. Do I pay taxes at the end of the year for the account or something?
It's definitely a ROTH 401k. So I'm confused.
Thanks
Submitted July 17, 2018 at 08:27AM by what_ok https://ift.tt/2LczdjN
