401(k)
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Are you more of a beach person or a mountain cabin dweller? Let’s start planning now to make either option possible when you retire. Your 401(k) allows you to set money aside from your paycheck to save for your future. And FanDuel pitches in to help those retirement dreams become reality, too.
Save Now, Cash In Later
FanDuel has you covered for when you’re ready to hang up your cleats. Our retirement plan is designed to help you get ahead.
- Set aside money for retirement on a pretax or after-tax (Roth) basis, deducted directly from your paycheck.
- Contribute up to 75% of your pay, up to $23,000 in 2024 (or $30,500 if you’re age 50+), between pretax and Roth contributions.
- FanDuel matches the first 5% you contribute—it’s basically free money. Planning to contribute at least 5% of your pay to take advantage of the full FanDuel match is a really smart idea.
- Your 401(k) contributions are always yours. FanDuel contributions become fully yours after four years of employment.
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Paying Uncle Sam
He’ll come around eventually. It’s up to you to decide when to pay taxes on your 401(k). Keep in mind that there’s game-planning involved.
Pretax contributions
Contributions are deducted from your paycheck before taxes, reducing your federal and state taxes for this year. You’ll pay taxes on these contributions when you retire. This option is generally better if you expect your income tax rate to be lower when you retire than it is right now.
Roth contributions
Taxes are withheld from your contributions and count as taxable income for this year. However, you won’t pay taxes on contributions or investment earnings when you retire. This option is generally better if you expect your income tax rate to be higher when you retire than it is right now.
