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Hi everyone,
I was wondering if anyone here had inputs on work culture at Stripe? What do benefits look like (couldn’t find specific details on Google). Are they flexible when it comes to attending to family? How is the TechOps role? What is the growth trajectory?
What is a good salary range for someone with 10 years of experience and a MS degree (both exp. & MS in data analytics)
Anyone joining amex on 27th oct?
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Neither is really better. If your tax bracket now is higher than in retirement, traditional is better. This assumes you invest your current tax savings. If your bracket in retirement is higher, Roth is better. No way to really know so a split may be a good choice
If you go with the Roth option you should note that the money is contributed to retirement post tax instead of pretax so your monthly take home pay will be lower if you put the exact same amount in retirement when you switch. Not to say that Roth 401k isn’t worth it depending on your income level but it’s something to account for.
I used to do half and half so I can adjust my withdrawals based on what makes sense in retirement.
Now I make significantly more than I think I'll make in retirement, so I'm switching to all pretax. (And I'll still have backdoor roth)
Rising Star
Roth is not “theoretically better”
Rising Star
For the love of god, search the bowl. This question is asked every.single.day
Here’s a primer. I’m basically in the same boat as you. My wife and I are hedging that we will be in a (slightly) higher tax bracket in retirement, so plan to pivot to Roth 401k next year.
I have been contributing to traditional 401k (plus my employer’s contributions) for the past 11 years. I think we only got the Roth 401k option a few years ago.
https://www.schwab.com/resource-center/insights/content/roth-vs-traditional-401-k-which-is-better
Just be aware you may not get a match in Roth - depending on your company’s/ plan’s rules.
I have never heard of a plan that does not give you a match on Roth. They can’t give you match in Roth, but you would get a match and it would be put in a traditional account. I suppose it is possible there are some out there, but that would be rare
Roth has a limit and most people reach that after a few years of working
A1 Roth IRA has income limit and contribution limit. Roth 401k only has contribution limit.
How do you get the info on what would be your tax bracket in retirement?
You look into your crystal ball. There is really no way to know. You can try to make a guess based off income streams and may be more easily predict income when you get closer, but guessing tax rates is impossible