piggyback question:

my work plan offers roth 401k contributions as well...

i think i'm going to half my current pre-tax contributions and go 50/50 with roth contributions

does anyone with a similar plan offering do similar?

i don't currently contribute to an IRA, though I guess I could with any additional funds after maxing 401K

i figure the benefit of going from 401k to Roth IRA is somewhat devalued when your company offers roth 401K, unless of course you are contributing more than 18.5k.

This post was edited on 6/26/18 at 1:03 pm

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Posted by juice4lsu

Member since Dec 2007

3697 posts

Posted on 6/26/18 at 2:22 pm to Croacka

quote:
i think i'm going to half my current pre-tax contributions and go 50/50 with roth contributions

Hold old are you? Does your company have a match? If so, how much?

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Posted by notsince98

KC, MO

Member since Oct 2012

18158 posts

Posted on 6/26/18 at 2:31 pm to Croacka

quote:

does anyone with a similar plan offering do similar?

i don't currently contribute to an IRA, though I guess I could with any additional funds after maxing 401K

i figure the benefit of going from 401k to Roth IRA is somewhat devalued when your company offers roth 401K, unless of course you are contributing more than 18.5k.

My personal philosophy is this for something like your question:
1) Put enough in the 401k to get the full employer match
2) Max out roth IRA (or even traditional IRA) options because you'll have a much better selection and control over your investing in an IRA
3) if needing to save more, go back to the 401k until it is maxed.

Every situation is different, though. There might be some compelling reason to go with your 401k over an IRA.

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