A Clarification on 401K Taxes and Deductions

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Mford1212 on October 15, 2022 at 12:21 am
There is no tax deduction from a 401k. Please stop saying that
John Webster on October 15, 2022 at 12:21 am
Suffer an ignoramus some questions:What taxes are paid when monies are withdrawn: capital gains and whatever sales tax is paid on the sale of the stock? When one says that money is in a 401k growing without having tax paid on it, are they usually talking about something similar to a savings account where compounding is happening, or are they talking about capital gains, or both? Are the taxes on withdrawing usually less than what one would pay just buying and holding stocks? How is this advantageous?

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