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Horned Frog Athletics
Scott & Wes Frog Fan Forum
OT: How Do You Invest Your Money?
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<blockquote data-quote="berryfrog95" data-source="post: 2828857" data-attributes="member: 10671"><p>If you have a company 401k, it’s imperative you do a handsome portion of your contributions into Roth source vs traditional pre-tax source..... while it won’t reduce as much from your taxable income now, it will be a huge game changer come retirement as Roth distributions will be tax-free.</p><p></p><p>also, look for the loop-hole of using after-tax contributions to put into your 401k. (If your employer plan allows it). Eventually, you can roll that source into a Roth, called the mega backdoor conversion</p></blockquote><p></p>
[QUOTE="berryfrog95, post: 2828857, member: 10671"] If you have a company 401k, it’s imperative you do a handsome portion of your contributions into Roth source vs traditional pre-tax source..... while it won’t reduce as much from your taxable income now, it will be a huge game changer come retirement as Roth distributions will be tax-free. also, look for the loop-hole of using after-tax contributions to put into your 401k. (If your employer plan allows it). Eventually, you can roll that source into a Roth, called the mega backdoor conversion [/QUOTE]
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Horned Frog Athletics
Scott & Wes Frog Fan Forum
OT: How Do You Invest Your Money?
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