Related Posts
Can we use Ally to trade at Deloitte?
More Posts
Oct. 15th is almost here. Hang in there!
Dell emc provide welcome kit?
Well that’s nice.
Upvote if you ran a Turkey Trot this morning!
A basic Docker Cheat Sheet -
Additional Posts in New York City
Bean Box vs Atlas coffee subscription?
And it begins.
why it feels lonely in this big city?
Does anyone have a side gig as a building super?
Thoughts on an Equinox membership?
Pro
Depends on which neighborhood you live in
Keep in mind I am not American and have no idea. I think pre tax contributions, tax deferred vs after tax contribution tax free investing is what we are discussing right?
It depends on your expected tax bracket when you plan to withdraw funds
Tax guy here - how much total comp % are you planning to save?
In general - if you are affording your lifestyle I’d say the tax now (ie roth), you can also blend and do a little of both if you think you traditional at (x%) would get you down to a lower tax bracket but if not there isn’t a big reason to.
Considering you’re only a senior and you are making 140 I expect you plan to make 500+k at some point, where you will be super taxed and then dumping 50k a year into your 401k would make it valuable.
Either way the Roth grows tax free, so that growth is worth a lot more.
Don’t really have a number for how much I save. I max my 401 and Roth IRA each year. Plan to put 750-2k in my investment account each month (variable). But yes I expect to clip half million at some point on my career. I will continue with the Roth and let it grow. Currently in process of converting my old employers Roth 401k to my Roth IRA