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Re: Hack my retirement plans, please! 401k v Roth 401k.

How do you all feel about borrowing against your 401k in an emergency v taking out principal in a Roth IRA? My gut tells me that in an emergency borrowing against your 401k is better because at least it gets "paid back" and you don't end up being unable to catch-up because of Roth IRA year...
by Tryndamere
Fri Dec 28, 2012 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hack my retirement plans, please! 401k v Roth 401k.
Replies: 9
Views: 1242

Re: Hack my retirement plans, please! 401k v Roth 401k.

First, I can save you a lot of angst over this. In your tax bracket, I think it's much more advantageous for you to do traditional 401(k) over Roth 401(k). I think the consensus on this board would say the same (with some detractors). +1 on Consensus It is very likely you will be in a lower tax bra...
by Tryndamere
Fri Dec 28, 2012 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hack my retirement plans, please! 401k v Roth 401k.
Replies: 9
Views: 1242

Re: Hack my retirement plans, please! 401k v Roth 401k.

Could edit your original post, and post the expense ratio for each of these funds? This will help. Otherwise it's like ordering from a menu but without the prices. Be sure to enter the expense ratios for the funds as they are in your company's specific plan; often the fund expense ratios in 401k/40...
by Tryndamere
Fri Dec 28, 2012 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hack my retirement plans, please! 401k v Roth 401k.
Replies: 9
Views: 1242

Hack my retirement plans, please! 401k v Roth 401k.

Hi guys, I have some retirement questions. Currently my company offers a 401k and a Roth 401k with a 50% match up to my first 6%. I am 28 years old, and have not started any retirement planning yet. I am currently in the 25% Federal Income (5% state) tax bracket. I am having a hard time picking whic...
by Tryndamere
Thu Dec 27, 2012 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hack my retirement plans, please! 401k v Roth 401k.
Replies: 9
Views: 1242

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