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
The Competition
FedEx Discussions
Average Retirement Contribution
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="Oldfart" data-source="post: 2679947" data-attributes="member: 64407"><p>If you want to contribute more than 6%, you can just contribute more into your 401k at work. No need to start an IRA outside of your 401K unless you didn't like your fund options that Vanguard gives you. I dropped my 401K contribution down to 6% a few years back and put the rest of my contribution into a Roth. I got hammered on income taxes so bad that my CPA told me to reverse my decision. Even though a Roth is nontaxed when you draw it, he showed me that in my situation, it was not the correct move. For others, a large Roth might be best. Every situation is different.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2679947, member: 64407"] If you want to contribute more than 6%, you can just contribute more into your 401k at work. No need to start an IRA outside of your 401K unless you didn't like your fund options that Vanguard gives you. I dropped my 401K contribution down to 6% a few years back and put the rest of my contribution into a Roth. I got hammered on income taxes so bad that my CPA told me to reverse my decision. Even though a Roth is nontaxed when you draw it, he showed me that in my situation, it was not the correct move. For others, a large Roth might be best. Every situation is different. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Average Retirement Contribution
Top