Roth accounts are a hedge against future tax hikes and tax rate insecurity. There’s a reason Roth accounts are always subject to elimination every few years, tax revenue from Roth users is far less …

As you get older and start earning more, though, it makes more sense to switch to traditional (especially since you have the option of supplementing your 401k with a Roth IRA). Traditional also leaves the …

The main difference between a Roth 401K and a Traditional 401K is when you pay taxes. A Roth 401K is funded with after-tax money, but you can withdraw it tax-free in retirement.

A Roth IRA is a tax-advantaged retirement account where you make after-tax contributions and can withdraw those contributions tax-free and penalty-free at any time and for any reason.

Nov 28, 2022 · Essentially you need to look at effective tax rates vs top marginal. Roth contributions (and thus withdrawals) are taxed at your top marginal tax rate (so 24% for your income) because all …

Jul 15, 2023 · The Roth IRA in retirement can then be used to reduce your tax rate when taking distributions from your traditional 401k in retirement. Also since traditional withdrawals are taxed as …

There may come a point where you are not even allowed to contribute to a Roth, so you may want to consider doing it now. 3 by having a Roth distributions in retirement you do not pay taxes on the Roth …

Maybe you messed up a little for the past, but since you seem to be at the top end of your career ladder/earning potential I think you're probably better off continuing to contribute to your traditional …

If that's in my Roth or similar tax advantaged account, I still can't access it until 65 without incurring a tax penalty. Set up a foundation in your retirement accounts, and use the rest in accounts you can …

Sep 9, 2023 · If an employer offers 401k match for both traditional and Roth, is it better to do Roth, so the match grows tax free?