Anonymous
12/15/2025 09:18
Subject: 24 year old making 70k—Roth 401k or Traditional
Roth. Not sure of your financial position, but we have been supplementing our kid so he can max out his roth every year since he’s had had employment.
Anonymous
12/15/2025 06:25
Subject: 24 year old making 70k—Roth 401k or Traditional
Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.
This isn’t about you
Anonymous
12/15/2025 00:53
Subject: 24 year old making 70k—Roth 401k or Traditional
Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.
Making over 170k at 24 essentially?
🧢, if not, good for you I guess, this is an anonymous forum.
Anonymous
12/14/2025 23:08
Subject: 24 year old making 70k—Roth 401k or Traditional
Anonymous wrote:Wow that's so low , when I was that age I was make over 100k 20 years a go.
Not that impressive. At that age 25 years ago, I was making 240k.
Anonymous
12/04/2025 02:13
Subject: 24 year old making 70k—Roth 401k or Traditional
Anonymous wrote: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.
He’s doing great. I wouldn’t tell him that his income will only go up from now on. He has a long career ahead of him and they’ll be ups and downs. Let him know one of the reasons families also have to save emergency funds is there might be some lean years and it’ll be easier to get through with money in the bank.
Anonymous
12/03/2025 23:12
Subject: 24 year old making 70k—Roth 401k or Traditional
Is he getting an employer match? He should maximize that, then contribute to Roth IRA, then more 401k.
A good target overall is 15% of income
Traditional vs Roth 401k is not a big difference at this point.
A good target overall is 15% of income
Traditional vs Roth 401k is not a big difference at this point.
Anonymous
12/03/2025 19:26
Subject: 24 year old making 70k—Roth 401k or Traditional
Anonymous wrote:Anonymous wrote:Anonymous wrote:No to traditional IRA, no to 401k, no to Roth 401k.
He needs to max out Roth on his own and invest in regular investment account.
There are barely any taxes to be paid if he invests in regular investment account. He will never learn to invest on his own if it's done for him.
When he figures out how investing is done, he will be pissed that he put any money into account tied to his job. NFI.
Tied to their job? Lots of 401k plans let you choose your own funds. It's not a pension in company stock, it's a 401k.
Most places make it SUPER inconvenient to choose stocks, instead of the predetermined funds. It's been that way at every job I've ever worked.
That’s because most people shouldn’t invest in stocks with their retirement fund. Retirement funds have changed over the years. Nearly all have index funds which include sector funds. Your aversion to retirement funds should be kept to yourself.
Anonymous
12/03/2025 18:16
Subject: Re:24 year old making 70k—Roth 401k or Traditional
OP here. Thanks for the responses. Very helpful (most of them 
).
He will do the Roth 401k. He also maxes out the Roth IRA and has investments in a taxable account from his summer internships.
).
He will do the Roth 401k. He also maxes out the Roth IRA and has investments in a taxable account from his summer internships.