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I would hope that they can't tax what was designed as tax
Posted on: May 28, 2021 at 16:33:55 CT
TigerFan92 STL
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free growth. Otherwise there was zero value in it.
I am 95% standard 401K and only 5% Roth 401K because I have saved a ton since I started work at 22 yrs old and just had access to the Roth 401K for the last couple years.
There is zero need for me to put more in a standard 401K unless they are going to relax the tax laws which will not happen.
The other advantage of a Roth 401K is what if I want to retire early, say 60, and pull out a big chunk and start another business, buy a vacation property, etc? If it is all in regular 401K I will be getting slammed with taxes. I was on the fence about Roth but it is a no brainer given the socialist direction
Edited by TigerFan92 at 16:35:30 on 05/28/21
I am 95% standard 401K and only 5% Roth 401K because I have saved a ton since I started work at 22 yrs old and just had access to the Roth 401K for the last couple years.
There is zero need for me to put more in a standard 401K unless they are going to relax the tax laws which will not happen.
The other advantage of a Roth 401K is what if I want to retire early, say 60, and pull out a big chunk and start another business, buy a vacation property, etc? If it is all in regular 401K I will be getting slammed with taxes. I was on the fence about Roth but it is a no brainer given the socialist direction
Edited by TigerFan92 at 16:35:30 on 05/28/21
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I would hope that they can't tax what was designed as tax - TigerFan92 STL - 5/28 16:33:55