Like I said in my first post there are a variety of factors when deciding

Feb 13, 2020
10:36:25am

KSwiss Starter

Including being realistic about future income projections and current tax situation. My point is it’s not nearly as cut and dry and many on this board think it is

This message has been modified

Originally posted on Feb 13, 2020 at 10:36:25am

Message modified by KSwiss on Feb 13, 2020 at 10:37:44am

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KSwiss

Previous username: bccoug
Bio page: KSwiss
Joined: Oct 24, 2011
Last login: Feb 17, 2020
Total posts: 857 (2 FO)

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Messages

Author

Time

POLL: After contributing to 401K up to company match, where would you allocate your retirement.

cougaman

2/12/20 9:48am

I hear the Dinar is poised for some major movement.

joelvandyne

2/12/20 9:51am

I knew a guy who was way into the Dinar. Talked at length about what he was

Kilgore Trout

2/12/20 10:44am

Max Roth IRA and max 401k, then 529 contributions for your kids' college.

frontrowcougar

2/12/20 9:51am

This is nice, but should always be /after/ you've adequately funded retirement

ebv

2/12/20 9:55am

College will soon be free so don’t do 529 plan

Dangerous

2/12/20 10:09am

Company Match-->HSA Max-->Roth IRA Max-->401(k) Max

ebv

2/12/20 9:54am

Why is a Roth IRA a priority over a 401k?

Jeff Spicoli

2/12/20 10:08am

Lower fees

JAM3

2/12/20 10:09am

Unless your camp at has really low 401k fees which some do.

Dangerous

2/12/20 10:10am

If you really want the deduction you can do a traditional IRA instead of Roth

JAM3

2/12/20 10:12am

As you progress in your career and/or your wife starts working again,

ebv

2/12/20 10:40am

Way more options, tends to be cheaper.

JuicyJam

2/12/20 10:12am

And with the $3 you have left over, get a slurpee.

Pro Logic

2/12/20 10:10am

exactly, it's just that easy. Nevermind starter homes in Utah/west are 400k +

Mayor of Cougartown

2/12/20 10:24am

That's just the order of priority.

ebv

2/12/20 10:38am

I get it, but so many people are now drowning in their mortgage payments

Mayor of Cougartown

2/12/20 10:44am

Yep. It's hard. Retirement isn't going to be super easy for the vast majority

ebv

2/12/20 11:57am

It can be easy if you are budgeting and can tighten things up a bit.

TheLoneCougar

2/12/20 10:57am

I would say that Roth isn't always the right answer all the time. But I agree with this priority order.

supertux

2/12/20 11:23am

RE: POLL: After contributing to 401K up to company match, where would you

Zooropa

2/12/20 10:59am

Max HSA, then IRA, then 401k

supertux

2/12/20 11:22am

Unfortunately no HSA option:(

cougaman

2/12/20 11:30am

More 401k, to max yearly first.

blackshirts

2/12/20 11:35am

Before Roth?

cougaman

2/12/20 11:39am

I'm no expert. I calculate the percentage needed to reach the max

blackshirts

2/12/20 12:01pm

Depending on income, it can be helpful for tax purposes.

TheLoneCougar

2/12/20 1:31pm

Depends on your income level. If you’re in a 22+% bracket the numbers

KSwiss

2/12/20 7:18pm

Or a traditional IRA. Sorry to be pedantic but these discussions drive me crazy. There are both traditional and roth IRA

supertux

2/13/20 5:54am

Why would you ever contribute to a traditional IRA when you have room

KSwiss

2/13/20 7:46am

This isn't right. You can roll over 401(k) funds into an IRA literally

ebv

2/13/20 7:58am

I choose to max traditional 401k and two ROTH IRAs.

TheLoneCougar

2/13/20 8:11am

Nice. That's great!

ebv

2/13/20 8:42am

Why would I ever want to put my IRA funds back into a 401k? Even if my income is so high that I can't contribute to a

supertux

2/13/20 8:31am

If you can’t think of any reasons it probably won’t ever apply to you

KSwiss

2/13/20 8:59am

RE: If you can’t think of any reasons it probably won’t ever apply to you

TheLoneCougar

2/13/20 9:02am

Does the word probably have more meanings than I’m aware of? Cool gif though!

KSwiss

2/13/20 9:09am

No, just the thought of prioritizing 401k over Roth is incredibly strange to me.

TheLoneCougar

2/13/20 9:33am

Like I said in my first post there are a variety of factors when deciding

KSwiss

2/13/20 10:36am

That stopped being your point several posts ago.

ebv

2/13/20 10:49am

But you are being so vague about it. Give me a scenario or two in which it does make sense.

TheLoneCougar

2/13/20 11:06am

You want a scenario where you would contribute more to a 401k before an IRA

KSwiss

2/13/20 1:04pm

RE: You want a scenario where you would contribute more to a 401k before an IRA

TheLoneCougar

2/13/20 1:10pm

Pearls before swine, I guess.

ebv

2/13/20 2:46pm

Probably right. But I am curious to know under what circumstances one might want to.

supertux

2/13/20 9:31am

I am already maxing out my 401k and IRAs though so it doesn't really make any difference to me but in case anyone

supertux

2/13/20 9:32am

Ha! I found the same article. It lays out what I think KSwiss is talking about

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