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re: Bonus at the end of year
Posted on 12/2/12 at 3:23 pm to Rev1897
Posted on 12/2/12 at 3:23 pm to Rev1897
Because of the massive tax advantages associated with a Roth if you can give it time to compound interest significantly.
I have my Roth as my primary retirement vehicle. I put the max for employer matching in my 401k, but I plan on rolling it over into my Roth when I move.
Also, a Roth can double as an emergency fund by allowing you to withdraw contributions no questions asked and penalty free.
I have my Roth as my primary retirement vehicle. I put the max for employer matching in my 401k, but I plan on rolling it over into my Roth when I move.
Also, a Roth can double as an emergency fund by allowing you to withdraw contributions no questions asked and penalty free.
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