So the last two years me and my wife have started contributing to all Roth401k. We currently reside in a high tax state (NY) and are in the middle of the 24% tax bracket. We started doing the Roth for tax diversification purposes as everything prior has been traditional 401k. Based on projections it seems we may end up having more income in retirement than we do currently. I would like to retire to a low/no income tax state in retirement but thats at least 18 years away and who knows what the landscape will be then. so at this point im questioning if it would be better to just do traditional and invest the tax savings now in brokerage or to continue on with the Roth 401k at least until the current tax brackets expire.
Statistics: Posted by Investing4MyFamily — Tue Mar 26, 2024 9:45 am — Replies 4 — Views 218