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Started By
Message
re: Employer Offering Roth 401K
Posted on 7/12/23 at 7:01 pm to La Place Mike
Posted on 7/12/23 at 7:01 pm to La Place Mike
So you’re saying I’m saving more by doing the Roth since it’s all my money and I won’t lose any to tax upon withdrawal?
3
Posted on 7/12/23 at 7:13 pm to JusTrollin
You will not have to pay taxes on withdrawal, but you will pay more in taxes now. Therefore, it will take up more of your salary currently, but will grow tax free overtime. It depends on your tax bracket to know which one makes more sense.
Posted on 7/12/23 at 7:24 pm to JusTrollin
Without knowing your tax bracket now or in the future it is hard to say. It comes down to paying the tax man now or later. Either way 22,500 is invested in your account.
This post was edited on 7/12/23 at 7:25 pm
Posted on 7/12/23 at 7:24 pm to JusTrollin
quote:
So you’re saying I’m saving more by doing the Roth since it’s all my money and I won’t lose any to tax upon withdrawal?
Not that simple.
https://thefinancebuff.com/case-against-roth-401k.html
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