24 year old making 70k—Roth 401k or Traditional

[Anonymous]

My kid has a Roth option at work for his 401k. Since this is likely his lowest income level over his career, my advice was to use the Roth 401k until he is in a higher tax bracket.

Any other opinions on that? He is already contributing the max to a Roth IRA.

[Anonymous]

Wow that's so low , when I was that age I was make over 100k 20 years a go.

[Anonymous]

Yes, that's the best idea. I think any match would go into a conventional 401k, however. So he'd basically have two kids of accounts.

[Anonymous]

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

How is this a helpful comment or necessary?

Were you born wrong or dropped on your head as a baby? What explains your clumsiness here? Are you on the spectrum? What a weird interjection.

[Anonymous]

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

I’m 48 and just accepted a job for less. I’d love to make $70k.

[Anonymous]

You are right - Roth is the way to go in his situation.

[Anonymous]

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

Good for you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

How is this a helpful comment or necessary?

Were you born wrong or dropped on your head as a baby? What explains your clumsiness here? Are you on the spectrum? What a weird interjection.

It's the nature of the the online world. I first noticed the trolls in 1989 when it was just the people at our company. Probably worse now.

Yes, I agree that the Roth 401k is the way to go for someone currently a low tax bracket.

[Anonymous]

Definitely a Roth. Let that money grow tax free!

[Anonymous]

Roth. Do it until the kid needs the pre tax break of a regular 401k.

[Anonymous]

Yes. Roth. If you are in financial position and want to help, making sure it’s filled to the max for a few years now would continue giving long after you are gone

[Anonymous]

^^^ and if you are helping, I think directing to ROTH 401k locks the money in stronger than IRA (where contributions can be withdrawn) so that’s probably where I’d subsidize my own kid (even though I trust them)

[Anonymous]

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

20 years later you are still a jerk. How about that? LOL

[Anonymous]

ROTH OP

[Anonymous]

Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.

Congrats and you are probably not making much more than that now.