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 …

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 …

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 …

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 …

Mar 20, 2022 · Total value of Roth IRA and post-tax brokerage account: 97,540 If he puts the $6000 in a traditional IRA, puts the tax savings in a brokerage account, and keeps both there …

What’s your favorite software to illustrate roth conversions? Currently use eMoney, but have not spent a lot of time with it from the standpoint of illustrating roth conversions.

Roth or Traditional? This question relates to IRAs as well as 401 (k) and similar employer-sponsored plans if your employer offers the option to make Roth-style contributions. …

Roth 401 (k): Pretax vs Roth I (24) have a 401 (k) with my employer. Currently, I have over 17k. I’m getting my employer's full match (4%). My contributions are 5% Pretax and 9% Roth. …

All that said, do what you are comfortable with. Trad or Roth 401k, you’re still investing for the future which is a win. You will still have money in the traditional 401k in the form of your …

If you are instead doing Backdoor Roth (I.e. make non deductible contribution to traditional IRA and do Roth Conversion) for previous year, you need to file 8606 in the returns to update the …