If my employer matches retirement contributions (up to 4%), should I opt for a traditional pre tax 401k or Roth 401k? My base salary is 85k. In addition, how much of my base salary do you recommend I contribute to my 401k?

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At a minimum contribute 4% so that you can take advantage of your company match up. My wage is similar to yours and I am contributing to a Roth 401k, because I know my wages will continue to increase and tax rates are likely to increase in the future as well. I also live in a no state income tax state, so it makes sense for me.

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Hey OP - Which firm are you at that it’s 4%?

But hey to others, 401 is getting such a hit would you really recommend contributing at this moment in time?

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Great time to increase your contribution if you can afford it.

It depends on everything else you have going on. Generally, if I’m stuck in the 22% bracket I’d pass on Roth & hammer traditional.

And generally a total contribution of 10-15% is great to strive for

I put in 10% and fill and IRA every year. Do as much as you can when you are young and get that compounded interest, baby.

Also: are you buying company stock? Get on that, too, even if it is just $100 a paycheck.

It depends on your age really to be honest. If you know your income will keep going up and you have a lot of working years left I’d go for the Roth and your employer will contribute to the traditional. But depends on your working years left

Contribute at least the minimum to get a match. How much beyond that depends on your goals and the context of your overall portfolio. You want to retain enough CF to reinvest and build wealth over the LT over a diverse asset base. If increasing your contribution will put you behind goals like buying a home or paying down immediate debt which takes a huge portion of your CF, you will want to reconsider increasing your contribution.

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