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Roth 401k?
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<blockquote data-quote="brett636" data-source="post: 929269" data-attributes="member: 249"><p>The point he is making is that when you look at a traditional 401k plan balance you must remember that 20% or more of that balance is technically owned by federal, state, and possibly local governments. When you look at a roth 401k balance 100% of that is yours including all growth. You may have a point that at sometime in the future there will be a much more cash strapped congress than what is occuring today, and going after Roth accounts could be a possibility, but I for one will cross that bridge if I ever reach it considering we don't know when or if that will occur. I have gone 100% roth and plan to stay that way through retirement even though it is still 30 or so years away for me. </p><p></p><p>Jones- If you question the benefit of a roth versus a traditional 401k then please use this calculator to determine the benefit of both. According to my numbers my retirement income from my 401k savings will be 33% higher with a Roth versus a traditional. Go there and see it for yourself.</p><p></p><p><a href="http://scrs.schwab.com/tools/schwab_roth_401k_calc.htm" target="_blank">Traditional vs. Roth 401(k) Calculator</a></p></blockquote><p></p>
[QUOTE="brett636, post: 929269, member: 249"] The point he is making is that when you look at a traditional 401k plan balance you must remember that 20% or more of that balance is technically owned by federal, state, and possibly local governments. When you look at a roth 401k balance 100% of that is yours including all growth. You may have a point that at sometime in the future there will be a much more cash strapped congress than what is occuring today, and going after Roth accounts could be a possibility, but I for one will cross that bridge if I ever reach it considering we don't know when or if that will occur. I have gone 100% roth and plan to stay that way through retirement even though it is still 30 or so years away for me. Jones- If you question the benefit of a roth versus a traditional 401k then please use this calculator to determine the benefit of both. According to my numbers my retirement income from my 401k savings will be 33% higher with a Roth versus a traditional. Go there and see it for yourself. [URL="http://scrs.schwab.com/tools/schwab_roth_401k_calc.htm"]Traditional vs. Roth 401(k) Calculator[/URL] [/QUOTE]
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