MJB9
Returning Member

Retirement tax questions

Thanks, Champ.  Your last sentence, "Note: Contributions from a deferred plan, such as a 401(k), that were rolled over into an IRA are not considered pre-taxed contributions," is unclear.  

 

First, when you write "Contributions from a deferred plan...." I assume you meant to write, "Contributions to a deferred plan..."  Am I correct?

 

Second, many of us are unfamiliar with the meaning of the term "pre-taxed." Please clarify.