Should I convert my traditional 401K to Roth and pay all that money contributed so far on taxes? I know it’s better in the long run but curious what others have done

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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.

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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

smartfunny

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

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