This year I started a new job after being unemployed for the first half of the year. Because of the months of unemployment, I should be in a pretty low tax bracket, so I opted for Roth contributions. However, next year I believe I'll be in a much higher tax bracket because I'll be employed the whole year. Because of this, I think next year it will probably be more advantageous to move to a traditional 401(k).
My first question is: Does this make sense? Am I missing anything?
My second question is: At what point do I switch my contributions from Roth to Traditional?
Is it January 1st? Is April? Before tax day?
Thanks!
Submitted November 30, 2018 at 04:21PM by bennysfromheaven https://ift.tt/2EahshQ
