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Forum Index›ramsey baby step 4 - roth ira and 401k
ramsey baby step 4 - roth ira and 401k
Jan 23, 2016 04:51 PM#1
Just planning ahead a bit -
whats your thoughts on the 401k vs roth ira? should I do both? Work matches my 401k up to 3% currently but that will change in a couple of years with silly irs guidelines and they wont match at all
so with that - should I just do roth ira or do both until work no longer matches?
Jan 25, 2016 03:13 AM#2
Both (ESPECIALLY when they are matching).
Roth IRA if it meets your needs from a tax planning perspective. Traditional IRA otherwise. It all depends on your distribution plan once you retire.
Jan 26, 2016 08:20 PM#3
alanzona wrote:Both (ESPECIALLY when they are matching).
Roth IRA if it meets your needs from a tax planning perspective. Traditional IRA otherwise. It all depends on your distribution plan once you retire.
Yeah i need to talk with one of their recommended advisor people. I met with an "advisor" a few years ago and all they did was get me to "invest" in whole life insurance. Such a scam
May 09, 2016 09:23 PM#4
from ramseys website
If your company doesn't offer a retirement plan or match your contributions, then go straight to the Roth.