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Brown Cafe UPS Forum
UPS Retirement Topics
Anyone doing the Roth 401k option?
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<blockquote data-quote="raceanoncr" data-source="post: 1283436" data-attributes="member: 6408"><p>Correct me if I'm wrong (and I know you all will), but in the Roth, you're only allowed to contribute, what, up to 5-6 thou a yr? But in traditional 401K you're allowed 15 (or more now) per year?</p><p> </p><p>When in, I did both, maxed out both. Every year.</p><p> </p><p>401 ain't taxed now but will be when I start taking out, hopefully, and right now it is, a lower tax bracket.</p><p> </p><p>Roth is ALREADY taxed so when I start taking out, it's free and clear. So far this year, I've made a ton on both. So, basically, it's a "take yer pick" kinda thing.</p></blockquote><p></p>
[QUOTE="raceanoncr, post: 1283436, member: 6408"] Correct me if I'm wrong (and I know you all will), but in the Roth, you're only allowed to contribute, what, up to 5-6 thou a yr? But in traditional 401K you're allowed 15 (or more now) per year? When in, I did both, maxed out both. Every year. 401 ain't taxed now but will be when I start taking out, hopefully, and right now it is, a lower tax bracket. Roth is ALREADY taxed so when I start taking out, it's free and clear. So far this year, I've made a ton on both. So, basically, it's a "take yer pick" kinda thing. [/QUOTE]
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Anyone doing the Roth 401k option?
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