Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Roth or normal 401K
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="purplesky" data-source="post: 1195035" data-attributes="member: 23628"><p>It makes sense. My mortgage rate is only at 3.25%. Thats cheap money. Why would I hold off funding $17500 a year into my 401k if my gross income is close to 100k per year? I can live off 80k and still prepay on my house if I want. YOU CAN DO BOTH.<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /> </p><p></p><p>If you skip just 5 years on funding your 401k thats $87,500 that you didn't save and YOU CANNOT GET THOSE YEARS BACK. </p><p></p><p>Future Tax rates will be in the same ballpark. I am guessing you are on the young side? So do the Roth. Just remember your retirement income will probably be lower than your working income is now.</p><p></p><p>I would rather have around $1,000,000 in a 401k(with a low house payment) vs a paid for house(with a low balance 401k) because I cant eat the house.<img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p></blockquote><p></p>
[QUOTE="purplesky, post: 1195035, member: 23628"] It makes sense. My mortgage rate is only at 3.25%. Thats cheap money. Why would I hold off funding $17500 a year into my 401k if my gross income is close to 100k per year? I can live off 80k and still prepay on my house if I want. YOU CAN DO BOTH.:wink2: If you skip just 5 years on funding your 401k thats $87,500 that you didn't save and YOU CANNOT GET THOSE YEARS BACK. Future Tax rates will be in the same ballpark. I am guessing you are on the young side? So do the Roth. Just remember your retirement income will probably be lower than your working income is now. I would rather have around $1,000,000 in a 401k(with a low house payment) vs a paid for house(with a low balance 401k) because I cant eat the house.:happy-very: [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Roth or normal 401K
Top