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Anyway, on my traditional employer plans, I have the option of participating in both a 401k and a Roth 401k at the same time, so I usually split the two in half up to the maximum limit (plus company has a matching plan to goes into both). I have no additional IRA accounts setup for either me individually or my side gig, for the aforementioned reason that I think I’ll end up paying a boatload of taxes post retirement than now, everything else is in post-tax investments (though some are in enjoy more favorable tax treatments than others).
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My employer started the same option about a year or two ago. I’ve done nothing with the Roth401K option, but started to consider it this year, doing as you say “splitting” the contributions up to the limit.
At my age and layoff potential I’m not certain I could build up a big enough fund in the Roth401K to really pay off later. Maybe if I had a sure thing job for another 10-15 years I’d go that route.
My regular IRA (funded by job moves) won’t / hasn’t amounted to much. Bad investments have killed me in that one. 🙁
Me personally, I think “they” will start institute a ‘tax’ or ‘fee’ or ‘surcharge’ (<-- NC's favorite word play) on Roth IRA/401Ks. That or a reduction in other "entitlements" if you have such a plan.
