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Old 06-01-2018, 05:41 PM   #1
essayons75
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401K or after tax investment?

I may be changing jobs. New job has 401K, but no match. Salary increase at new job would be a little more than old job 401K match. Should I max-out 401K contribution or let all or some of it be taxed and invest after taxes?

Thanks.
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Old 06-01-2018, 07:05 PM   #2
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There is arguments for both the 401k and Roth IRA
2018 401k max is $18,500

I do both and try to put a good portion into them

I also max my HSA but kids braces are not helping me
- but I have talked to some retired folks who have HSA savings building and use it as they need it
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Old 06-01-2018, 07:23 PM   #3
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Originally Posted by Muddskipper View Post
There is arguments for both the 401k and Roth IRA
2018 401k max is $18,500

I do both and try to put a good portion into them

I also max my HSA but kids braces are not helping me
- but I have talked to some retired folks who have HSA savings building and use it as they need it
24,500$ for peeps over 50.....
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Old 06-01-2018, 09:44 PM   #4
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Good info. I think I will max-out 401K first.
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Old 06-02-2018, 09:35 AM   #5
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A lot depends on your future income after retirement. If you will receive a pension after you retire a ROTH IRA may be better in the long run since any appreciation in value isn't taxable. The downside is the money for the IRA is after taxes. It also depends on things that are out of your control like longevity. I believe you can do both a 401K and a Roth. For me, the benefit for the IRA was the company match. Later, the company no longer required a contribution so I stopped contributing. One way or another you will eventually pay taxes on the 401K (unless Trump grants a waver).
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Old 06-26-2018, 03:54 PM   #6
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Originally Posted by essayons75 View Post
Good info. I think I will max-out 401K first.


See if your company has a Roth 401k option. You can split into both. Helps you manage your tax brackets later.
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Old 06-26-2018, 08:59 PM   #7
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Work out with your tax bracket with the new tax law and standard deduction and decide on it.
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Old 06-26-2018, 09:43 PM   #8
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To each his own. But I think a simple rule is if your company offers a match, max it out. If not pay the taxes up front and roll with a roth.
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Old 06-26-2018, 10:27 PM   #9
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Agree with Its Catchy. Get the match if available and either have a IRA or Roth. I am more of a fan of the Roth IRA since you have more options with it. Also something to consider is when you pull money from a taxed deferred IRA you may end up paying taxes on some of your social security since it would be counted as income. You wouldn't have this issue with a Roth. Whichever way you go DO IT!. I was taught old school about saving and now that I am retired and pulling from my IRA and SS am very glad my Mom and Dad beat that into me. Have more to spend annually than when I was working.
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