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Brown Cafe UPS Forum
UPS Retirement Topics
Just started my 401k, thoughts?
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<blockquote data-quote="Brownslave688" data-source="post: 1218969" data-attributes="member: 34439"><p>U would want to roll into a traditional IRA. Otherwise (if even possible) u would take a larger tax hit than you would have time to earn back in growth. This could make sense if you were say 30 and had another job with a 401k that your no longer at. At 30 you would have plenty of time to earn back the tax hit. At retirement age probably not. </p><p></p><p></p><p>Also not a high percentage of upsers but certainly some need to keep in mind with our salaries rising and more spouses working some of us may not be eligible for a Roth IRA. This would make putting some money away in a Roth 401k a very smart decision.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1218969, member: 34439"] U would want to roll into a traditional IRA. Otherwise (if even possible) u would take a larger tax hit than you would have time to earn back in growth. This could make sense if you were say 30 and had another job with a 401k that your no longer at. At 30 you would have plenty of time to earn back the tax hit. At retirement age probably not. Also not a high percentage of upsers but certainly some need to keep in mind with our salaries rising and more spouses working some of us may not be eligible for a Roth IRA. This would make putting some money away in a Roth 401k a very smart decision. [/QUOTE]
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Just started my 401k, thoughts?
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