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I'm looking forward for opportunities, hence would be great to know the current CTC trends to effectively negotiate with the employer.
Thanks in advance!
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Who bought DKS today?!
Which firm hires the dumbest people?
Anyone know what other fishbowls are like?
Are you an elevator or stairs kinda person?
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^whip out your phone calculator and find out. $1 with 50% return with 30% tax rate: = 1*.7*1.5 vs 1*1.5*.7
There are two main differences: tax rate might change with legislation or income now vs then, and you can contribute extra with the Roth $18K after tax is more than $18 pre-tax
Correct, nothing is taxed on the Roth when you take out the money during retirement (principle and cap gains)
If you have the ability to do so, you should take advantage of your full match, that’s first and foremost. Because your company will likely put the match in a traditional, you should default to your ROTH so that you have both. If you anticipate a large tax bill, then halfway through the year you should switch your contributions to traditional to take advantage of the tax deduction.
If you’re only intent is to max out the contribution then you should do the maximum of 18k in the roth since that’s 18k after tax, where the traditional would be 18k before tax
Just buy crypto. 0 into 401k and I'm up way more than 100% match 😏
Roth isn’t taxed when you exit right
As in the capital gains aren’t either
Both good answers. But also consider the fact that 401K savings will be <half of your savings in later years, and brokerage account savings are all after tax. So it might make sense to do more traditional to balance it out. But yes, to max the contribution go Roth
Are you guys doing all Roth? I always get different answers but if you go Roth you pay tax upfront and then there isn’t any capital gains tax if I’m correct? Versus traditional where it’s a tax deductible at first then pay cap gains when take out
If you make more than 118k and can't contribute to a Roth IRA it's worth contributing to a Roth 401k which doesn't have an income tax.
Ok so does it make a huge difference maxing out traditional or Roth 401k? I've been doing traditional since the beginning
Isn’t that theoretically better than being taxed on the money when you pull it out plus capital gains in a traditional 401k scenario then?