Hello,
I read recent posts regarding traditional vs. Roth 401k and revisited wiki pages on the topic. But I’m having trouble applying to my situation and thought I’d ask.
There is 800k in traditional IRA and 50k in 401k. I don’t have a Roth account and the taxable account is generating about 25k in dividends. I’m in 35% tax bracket and I pay 5% state tax. For the next 5 years that I plan to work, till 55, should I still contribute IRS allowed limit to 401k, or just up to 6% for company match, or split a percentage to Roth 401k?
Thank you for your time!
I read recent posts regarding traditional vs. Roth 401k and revisited wiki pages on the topic. But I’m having trouble applying to my situation and thought I’d ask.
There is 800k in traditional IRA and 50k in 401k. I don’t have a Roth account and the taxable account is generating about 25k in dividends. I’m in 35% tax bracket and I pay 5% state tax. For the next 5 years that I plan to work, till 55, should I still contribute IRS allowed limit to 401k, or just up to 6% for company match, or split a percentage to Roth 401k?
Thank you for your time!
Statistics: Posted by nrkv — Sat Dec 16, 2023 9:04 am — Replies 6 — Views 208