Quote:
Originally Posted by bronco67
After I quit my 9 to 5 about three years ago, I stopped contributing to my 401k.
So if I start again, will that money be pre-tax and will it lower my taxable income level for the year? Please excuse me if I sound retarded on these matters.
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You can't contribute to the 401K that was set up through your previous employer, but there are ways to do similar things depending on the structure of your business (e.g. sole proprietorship, corporation, LLC) - a good accountant/lawyer/financial person can help.