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Roth 401k or regular 401k?
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Yes - time value of money is still on your side. The $1 you invest today is still worth more than the $1 you invest tomorrow.
Yes I can transfer in the future!
Pro
Yes, but only after maxing your IRA first.
Meaning if you can only afford to contribute 6k then max your IRA. If you can do 10, then 6k to IRA and 4k to 401k. If you can max both, then do so.
Thank you!
Damn! That’s a long time
Pro
Yes - if you have no other high interest debt, have saved up for your emergency fund, and have maxed out your ROTH IRA contributions and still have some money you want to save.
You are only allowed to contribute so much to a 401k plan each year. Don’t waste it if you don’t have to.
Conversation Starter
Yes — tax benefits
What about a Roth 401k vs Roth IRA? No match on the 401k. Are there major differences outside of flexibility in investment options?