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Yes if you’re still young and in a relatively low tax bracket. Plus, tax rates are historically low now, and who knows what they might be when you retire and have to pay taxes on your future Trad 401k (or Trad IRA) withdrawals
https://www.nerdwallet.com/blog/investing/roth-401k-vs-401k/
“By paying taxes now, you’re shielding yourself from a potential increase in tax rates by the time retirement rolls around.”
Yes. Tax rates will likely be higher at above average income levels in a few decades. Also the Roth doesn’t suffer from the forced withdrawals that traditionally are burdened with.
No what would be the benefit of doing that? That would likely be a hefty bill all at once.
But in retirement you’ll be “making less” I.e., you’ll be in a low tax bracket so paying taxes at a low rate. Unless your salary is very low now, best to ride it out
If you plan on taking a long break from work and will have low/no income during a tax year then it’s definitely worth it. People do that during b school when they aren’t earning income, thus putting them in a much lower tax bracket. Converting it while your earning your annual salary is probably not worth it though
Does Deloitte offer a Roth 401k? Jelly.
Also realize that company matches are almost all in traditional. You will have a blend of both in your 401k portfolio
Always*