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Only had it two years so I am the max $5K times 2

Posted on: December 16, 2020 at 19:32:39 CT

TigerFan92 STL

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M.O.B. Votes:

plus some company contribution.
It is about 10K ish
We stopped using it to pay medical bills and just pay they straight out because it is such a good investment vehicle

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MESSAGE THREAD

Talk me out of going 100 percent into Roth 401K vs regular - TigerFan92 STL - 12/14 11:45:13

Here is the problem I have run into on contributing more - MU-TULSA MU - 12/17 13:24:52

So you have a general investment account tied to the 401k? - TigerFan92 STL - 12/17 22:46:30

You should be able to retrieve all of your Roth 401k deposit - tiger4real MU - 12/18 14:17:38

Well the problem occurred when they sold the company and - MU-TULSA MU - 12/18 10:17:49

RE: Talk me out of going 100 percent into Roth 401K vs regular - scan MU - 12/16 11:39:28

HSAs are a great thing - meatiger MU - 12/16 15:53:59

Only had it two years so I am the max $5K times 2 - TigerFan92 STL - 12/16 19:32:39

yep..did same thing - meatiger MU - 12/16 22:37:43

Your break even age is about 78 - tiger4real MU - 12/16 15:16:57

That is why I might take it early(nm) - TigerFan92 STL - 12/16 19:34:14

Sorry meant for below(nm) - tiger4real MU - 12/16 15:21:08

yikes that is exactly what I am worried about but good - TigerFan92 STL - 12/16 13:41:59

RE: yikes that is exactly what I am worried about but good - scan MU - 12/16 13:59:25

got it. likely similar but I don't think i'll get a package - TigerFan92 STL - 12/16 19:33:46

Yes, I support this decision. - tiger4real MU - 12/15 20:26:32

That is true. Roth benefits the lower income more so the guv - TigerFan92 STL - 12/16 10:38:26

You hit the one big negative (potentially) of a Roth. - GA Tiger MU - 12/15 19:10:12

I have some dividend and will transfer more that way when - TigerFan92 STL - 12/16 10:40:34

I think you are on the right track.....need three buckets to - Sarazen KC - 12/14 18:08:37

Agree. I think what compounds the challenge is if you retir - TigerFan92 STL - 12/15 09:09:29

The problem with "taking it easy" late - meatiger MU - 12/15 14:58:57

That's me I am debt free and my 401K is plenty high if I - TigerFan92 STL - 12/15 17:18:06

if you want to retire early - meatiger MU - 12/15 21:01:04

yeah trying to figure it out is a challenge but saves $ - TigerFan92 STL - 12/16 10:36:21

Your decision about what to do now is not - Sarazen KC - 12/16 15:22:50

Once you put money in a tax deferred account - meatiger MU - 12/16 15:52:29

You can revisit your decision on percentages going - Sarazen KC - 12/16 23:10:13

I think he is saying if I am 25-75 Roth-Traditional that nex - TigerFan92 STL - 12/16 19:35:48

yes.. - meatiger MU - 12/16 22:36:31