Hi, My company is being sold and the company is given me a choice of going deferred both/or roth 401K .
I max out each year , and invest in a non deductible IRA and between my wife and myself can not contribute to a roth IRA due to income
I'm 48 years old have 600K+ in deferred accounts and 100K in taxable accounts. and plan to be in a lower tax bracket once in retirement but i'm concerned about the tax rate itself being higher by the time I would tap into a roth holding , Hope to retire at 60 but probably not touch the roth till later in retirement .
I went with a 10% in each (deferred/ roth ) but can change at any time..
Any suggestion ??????????????
New choice 401K deferred & roth
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- Joined: Fri May 13, 2011 6:27 pm
Re: New choice 401K deferred & roth
Wiki Roth vs traditional
http://www.bogleheads.org/wiki/Traditional_versus_Roth
The fiance buff
http://thefinancebuff.com/case-against-roth-401k.html
John
http://www.bogleheads.org/wiki/Traditional_versus_Roth
The fiance buff
http://thefinancebuff.com/case-against-roth-401k.html
John