Hi all, I am starting a new job and looking for some guidance on an employer sponsored 401k vs Roth 401k. What I’m reading online goes back and forth on what might be the best option for me.
I live in the United States.
Age: 26 Filing: Single, standard 1 deduction Base Salary: 120k, bonus will take me to 135-145k Desired ER age: 50-55
Currently have: Liquid savings: 30k Roth IRA: 27k Taxable account: 12k (Both on a total stock market index fund)
I am looking to set myself up financially on the right path with this new job. Please let me know your thoughts with regards to the 401k vs Roth 401k given my current age and tax bracket.
Submitted June 01, 2018 at 02:24PM by phdcandi https://ift.tt/2LOBZZS
