New job, and curious as to the thoughts of people smarter than me.

I'm 31, 204k base, going to plan to max out my 2023 401k.

Should I do Roth or Traditional, or a mix?

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Roth

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My question for this, however, is that some estimates put me at 350k/yr disbursement if retiring at 65 which would be in my same tax bracket. As such, wouldn't traditional be better then?

There are no income limits on Roth 401k. If you think your tax rate in retirement will be higher than current rate, it’s better to contribute to Roth 401k after paying taxes today. Otherwise, traditional is a better option if you think your tax rate will be lower in retirement.

Tax rates change over time and no one knows what they’ll be when you retire so it’s based on assumptions.

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For those saying limits on the Roth, I do want to call out you can still do a back door Roth at this level. I have done this at ~$200K TC for the past two years, to the tune of $6K per year that will grow tax free. Not bad imo!

In this case, I vote Roth 401K as the US tax rates are only likely to increase in coming decades to fund at least some of the following in a non-trivial way: healthcare, UBI, old people care, nuclear fallout remediation, and natural disaster recovery. Man, we are pretty f’ed. (Note: I might be slightly buzzed as I write this.)

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If single, your will be phased out of Roth IRA contributions. So I would max out 401k Roth through Dollar Cost Averaging (equal contributions throughout the year)

If now or later would be the same in your tax bracket... I would much rather be now and forget about uncle Sam for the future.

Do Roth 401k.

Nice base. Which service line?

Consulting.

How far are you in salary progression? 31 is solidly mid career so Roth makes less sense, but if you’re making P then it’s a different story.

Don't get the question of salary progression. What do you mean?

OP, nice base! What’s your level?

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