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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1068332" data-attributes="member: 12570"><p>Contributions to the Roth are made with after tax dollars which means you are not taxed when you start making withdrawals. With the traditional the amount that you contribute is not taxed and is deducted from your gross pay for income tax purposes; however, withdrawals are taxed at the income tax rate in place at the time you start taking your money out. </p><p></p><p>My 401k is the traditional one but if I had to do it over again I would be in the Roth.</p><p></p><p>I applaud you for being forward thinking at such a relatively young age.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1068332, member: 12570"] Contributions to the Roth are made with after tax dollars which means you are not taxed when you start making withdrawals. With the traditional the amount that you contribute is not taxed and is deducted from your gross pay for income tax purposes; however, withdrawals are taxed at the income tax rate in place at the time you start taking your money out. My 401k is the traditional one but if I had to do it over again I would be in the Roth. I applaud you for being forward thinking at such a relatively young age. [/QUOTE]
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