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Reply to "Max out 401 K or start Roth?"
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[quote=Anonymous]If your employer is offering it then it is almost certainly a Roth 401k, which is similar to but has some different rules from a Roth IRA. Generally speaking, unless you are very wealthy or taxes get significantly higher for the middle class, it is unlikely you will be paying taxes at a higher rate in retirement than now, in which case you are likely to be better off contributing as much as you can to the traditional 401k (taking advantage of the tax deduction) than paying taxes now and contributing to a Roth 401k. If you still have money left over to save, then a Roth IRA is a very good option, because it is both tax deferred and fairly flexible (easier to withdraw contributions than a regular IRA/401k).[/quote]
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