- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
This is an excellent question. You can contribute far more to a 401k and get the tax benefit for it while you are making more income. A Roth is tax-free when you take it out, but you will likely be earning less in retirement so you would be in a lower tax bracket when taking out the 401k.
If you weren't so close to retirement it might pay to build up a Roth. Does your employer offer a 401(k) Roth? You would be able to contribute as much as a 401(k). Do you need the tax deferred benefit of a 401 (k) now?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎July 26, 2023
3:56 PM