Hi. I’m 23 and my new job allows me to choose between a 401k and a Roth 401k. I understand the benefits of both and generally I know Roth is the better choice for the tax savings. But is it still better if you already have a Roth IRA. I guess I always thought 401k + Roth IRA is a better combo than maybe Roth 401k + Roth IRA or IRA.
My company offers matching up to 5% and my goal is to contribute about 11%. Also doesn’t the company contributions need to be taxed to make it after tax? Thanks
Submitted October 10, 2021 at 09:37AM by BigBoyWut- https://ift.tt/3BthIm0
