Comments on: Roth 401k or Pre-Tax: Which Is The Best Option For You?

By: @kdt522

@kdt522 — Sun, 04 Feb 2024 06:47:25 +0000

Great info and video, thank you! And while we know you can’t give direct advice, I did want to share that unfortunately these are “easy” and great ways to put money away, we need to make our money make money. If you can, make investments such as a rental home, etc. Won’t go into the reasons nor argue with anyone but our 401k or Roth IRAs will not sustain our retirement, especially those who had kids later in life or the simple cost of living now.

By: @Zorlig

@Zorlig — Sat, 03 Feb 2024 23:51:04 +0000

In reply to @jasoni3519. Just do Roth conversions in that case

By: @danieltik

@danieltik — Sat, 03 Feb 2024 04:22:51 +0000

In reply to @ericjohnson3715. You can; but you're still limited to a combined total of $6,500 in 2024 if you're under 50

By: @danieltik

@danieltik — Sat, 03 Feb 2024 04:20:48 +0000

I need to see some investment planning that factors a combined strategy of securities and real estate. I’m attempting to max both Roth 401k and Roth IRA and also buy a new piece of real estate every 2 years for ten years. The goal is to end up with a $3m net worth. Help!!!

By: @CapAnson12345

@CapAnson12345 — Sat, 03 Feb 2024 02:23:57 +0000

There are three reasons I think Roths are superior in most situations.

1. You’re done with taxes. With one small exception. Yes you have to pay the taxes upfront but once you do you never have to worry again.

2. You can withdraw your contributions without tax or penalty any time. Not that you would want to, but if you HAVE to you can.

3. No time limit/RMD. Plan on living to 200? Your Roth will just sit there compounding for over 100 years until you own all the things.

By: @JJBrooks13

@JJBrooks13 — Sat, 03 Feb 2024 00:51:53 +0000

When I retire I will take an income of $117,000 – with the standard deduction it is a federal tax of 13k, or 11%. I’m currently in a 24% marginal tax rate. Add to that I will retire in a zero % state compared to 7% now. So 31% now or 11% later, not even close.

By: @martinguldner3990

@martinguldner3990 — Fri, 02 Feb 2024 23:39:32 +0000

I am in the 12% US federal tax bracket. My retirement contributions are 100% Roth IRA/Roth 401k . I expect tax rates to be higher in the future and my Roth account distributions are not counted in taxation of Social Security benefits.

By: @jasoni3519

@jasoni3519 — Fri, 02 Feb 2024 22:16:40 +0000

Have you ever seen or would it even make sense that a client went part time at 60 made withdrawals from traditional ira to subsidize living while contributing to there Roth 401k for 5-7 years or so ?

By: @ericjohnson3715

@ericjohnson3715 — Fri, 02 Feb 2024 19:18:22 +0000

Can’t you do both: Roth and Pre-Tax?

By: @Jazzwealth

@Jazzwealth — Fri, 02 Feb 2024 18:59:57 +0000

In reply to @brucesmith6868. Thank YOU, Bruce!