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re: Benefits of a Roth 401K vs a Traditional 401K?
Posted on 11/16/15 at 11:19 pm to TigerTatorTots
Posted on 11/16/15 at 11:19 pm to TigerTatorTots
For myself, I've stuck with the traditional 401k. The 401k deduction combined with my mortgage interest deduction reduces my income taxes a considerable amount.
The thing is who knows what income rates, tax laws, etc will be in 20-30 years.
The thing is who knows what income rates, tax laws, etc will be in 20-30 years.
1
Posted on 11/17/15 at 8:37 am to gpburdell
Right now I'm contributing 55% of my 401k contributions to traditional 401k, and about 45% of my 401k contributions to a Roth 401k. So a little over half and half. I'm 29 and single now and making pretty good money, and I'd like to think I'll be in higher bracket come retirement, but this is an easy way to play both hands
At least I think it is
At least I think it is
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