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Topic | Everyone's 401ks are down right? |
Darkman124 11/20/18 11:56:52 AM #40: | P4wn4g3 posted... So do you invest a Roth account the same way? Also, there would still be a tax penalty for transferring 401k into a ROTH account why? because 401k contribs are pretax while ROTH contribs are posttax so to move to ROTH you pay the deferred taxes on the 401k immediately depending on your income level this may or may not be worthwhile but it usually is to at least some extent a 401k should not be used for more than 30k/year of income, since you lose nearly all the value of tax deferral past that mark some companies have ROTH 401ks. I split my contribs between a ROTH and traditional 401k and also invest in a personal ROTH. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard! |
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