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Bonus Payout
how to handle bonus payout.i have two option from my company one is it can be regular lump sum payment and second
I also have the option to contribute all or part of your bonus payment to your 401k account.
I don't know for sure which one is best option for tax purposes.which option takes less taxes? I do contribute on my 401K every paycheck so rather than contribute to every paycheck if I contribute up to the limit of 2025 in one time is this good way to do it. another scenario I have to consider is company is matching 3% of my first 6% contribution so don't know which would be best option.
I appreciate any help in this matter, Thanks
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‎February 24, 2025
11:51 AM