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“I data like a wrecking ball.”
Well this is new and fun.

Additional Posts in Accounting
Good bye life. See you on October 16th. 😭
Very simple example: you have $100 pre-tax right now to put away. For the sake of math let’s say it grows 200% over the course of its life.
Regular 401k: 100 * (1+ 200%) = $300 with $200 in gains. $200 * 39.6% taxes due (401k gains treated as ordinary income) = $79.20 in taxes due, $220.80 ending value.
Roth: $100 * (1 - 20% taxes due) = $80 contributed to Roth * 200% = $240 left over
End up with $19.20 extra
Deloitte 1. Laws of multiplication... you’ll pay the tax either way and your ending balance will be the same. Take 70% of a number today and let it grow 10 years it will be equal to 100% grown 10 years and then multiplied by 70%. Makes absolutely no difference
Roth > real estate. It’s nice owning a house but the difference using a Roth makes long term is huge. Plus the threshold to phase out of the pre-tax contributions is low (~110k for filing single), so you want to get it in early before you can’t anymore. You can do real estate whenever.
Also real estate is hugely over-priced right now, wait for the market to retract
Time value of money. I never understand why people willingly pay tax up front. Use all your money to make money then worry about the tax later!
So Roth 401k or standard?
Because ostensibly you’re going to pay higher taxes in the future? I’d rather pay in the 25% bracket then the 39.6% bracket
And even if you do 25% you still make a few bucks extra
Yeah the argument over Roth vs traditional is pointless. I am interested in hearing the Roth vs real estate argument however
OP, how much are you contributing? Most people I talk to in the PA finance circles agree that we only contribute to the extent that firm matches. I think it’s like 6% or whatever. Beyond that, I have ALWAYS invested my money elsewhere, including real estate. I bought my first house 3 years ago, continue to invest in real estate, and that appreciation has been staggering, no contest with 401k tax benefits.
However, I do concede with the earlier comment that real estate appears inflated right now and has potential for a retraction, so take that with a grain of salt
Load up on the Roth 401k while you are young and let the money do all the work. Real estate = lots of effort. If you want to do real estate and have that be your main gig, that is one thing. But focus your time and energy on your career. Build your earnings and increase the amount you put away. Simple as that.
Also I get it. Lots of people will say real estate. It’s sexy, but making money isn’t hard if you are willing to save early and often. Roth 401k is a great choice.
I am a staff 1 so I actually don’t get any matching from EY but I’ve but investing heavily there for the Roth benefit. I think the benefit is getting greater than the regular Roth max contribution of 5500 through this unless on my tax return I’ll really only get the 5500 benefit.
But EY 1, where did you buy? It’ll be very hard for my to buy in NY but I was thinking philly