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Reply to "28 yo, 120k salary, single, Roth 401k or traditional 401k"
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[quote=Anonymous][quote=Anonymous]The conventional wisdom is probably to do traditional 401k because your taxes will be lower in retirement, however, I don't know how much that is true any more. The US faces dire financial conditions in the future thst will likely mean significant tax increases. Investing in a Roth 401k now is not just investing, but also locking in historically low taxes. I max.out Roth 401k to take advantage of these taxes. You can always split between traditional and Roth 50-50 to diversify your tax liabilities just like you do for your investment risk.[/quote] Listen to this poster. I’m 35 years older than you. Fell on hard times and had to use my traditional IRA and the taxes are killing me.[/quote]
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