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Feb 12, 2020
7:18
:44
pm
KSwiss
Starter
Depends on your income level. If you’re in a 22+% bracket the numbers
Say to put it in your 401k and save the taxes now
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KSwiss
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bccoug
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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
ebv
2/13/20 10:08am
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