FSD
“For those of you who are eligible (less than 160K or so for Married filing joint), a ROTH IRA should be your first choice for excess funds after getting the match from an employer 401K.”
I always go back and forth on that one. Becaeu I ahve had the luxury of being able to max out both the 401K and the Roth I ahve not had to choose between the 2. But if I understand you correctly your advice would be as follows.
Contribute up to the matching contribution in 401k.
Next contribute to Fully funding ROTH IRA.
If ROTH IRA is Fully Funded consider going back to fully funding 401K.
Do this as opposed to first maxing out the 401K and then trying to fund ROTH IRA.
Do I understand this correctly or am I missing something.
