[Raybyrnes]

As soon as my employer provided the Option for the Roth 401K I went all in with respect to that option. I still have some previous 401K tat I never rolled over simply because the employer offered a very good plan that had a bunch of institution mutual funds I could not get into as an individual investor.

LesBaer
I am missing why the amount you are going to build up or the safety of your job would make a difference on the decision to go with the Roth 401k or the Traditional 401K.

These facts may impact whether you elect to contribute or not but they shouldn’t have any impact on the which to contribute too.

I am not criticizing but would like to get a better understanding of how these would somehow pencil into the decision making process.

To me this is the question. “How do I optimize my savings account.” The first consideration is the mix of funds. Does my plan have funds worth investing in. 2 Are they offering any type of match. 3 what are the long term tax implications. 4 Liquidity. What happens if I absolutely must get to this money 5 Estate planning. If I do not end up needing this money (not the case right now) how doe each pass to my heirs.

What am I missing.

[Raybyrnes]

As soon as my employer provided the Option for the Roth 401K I went all in with respect to that option. I still have some previous 401K tat I never rolled over simply because the employer offered a very good plan that had a bunch of institution mutual funds I could not get into as an individual investor.

LesBaer
I am missing why the amount you are going to build up or the safety of your job would make a difference on the decision to go with the Roth 401k or the Traditional 401K.

These facts may impact whether you elect to contribute or not but they shouldn’t have any impact on the which to contribute too.

I am not criticizing but would like to get a better understanding of how these would somehow pencil into the decision making process.

To me this is the question. “How do I optimize my savings account.” The first consideration is the mix of funds. Does my plan have funds worth investing in. 2 Are they offering any type of match. 3 what are the long term tax implications. 4 Liquidity. What happens if I absolutely must get to this money 5 Estate planning. If I do not end up needing this money (not the case right now) how doe each pass to my heirs.

What am I missing.

[Raybyrnes]

As soon as my employer provided the Option for the Roth 401K I went all in with respect to that option. I still have some previous 401K tat I never rolled over simply because the employer offered a very good plan that had a bunch of institution mutual funds I could not get into as an individual investor.

LesBaer
I am missing why the amount you are going to build up or the safety of your job would make a difference on the decision to go with the Roth 401k or the Traditional 401K.

These facts may impact whether you elect to contribute or not but they shouldn’t have any impact on the which to contribute too.

I am not criticizing but would like to get a better understanding of how these would somehow pencil into the decision making process.

To me this is the question. “How do I optimize my savings account.” The first consideration is the mix of funds. Does my plan have funds worth investing in. 2 Are they offering any type of match. 3 what are the long term tax implications. 4 Liquidity. What happens if I absolutely must get to this money 5 Estate planning. If I do not end up needing this money (not the case right now) how doe each pass to my heirs.

What am I missing.

[Raybyrnes]

As soon as my employer provided the Option for the Roth 401K I went all in with respect to that option. I still have some previous 401K tat I never rolled over simply because the employer offered a very good plan that had a bunch of institution mutual funds I could not get into as an individual investor.

LesBaer
I am missing why the amount you are going to build up or the safety of your job would make a difference on the decision to go with the Roth 401k or the Traditional 401K.

These facts may impact whether you elect to contribute or not but they shouldn’t have any impact on the which to contribute too.

I am not criticizing but would like to get a better understanding of how these would somehow pencil into the decision making process.

To me this is the question. “How do I optimize my savings account.” The first consideration is the mix of funds. Does my plan have funds worth investing in. 2 Are they offering any type of match. 3 what are the long term tax implications. 4 Liquidity. What happens if I absolutely must get to this money 5 Estate planning. If I do not end up needing this money (not the case right now) how doe each pass to my heirs.

What am I missing.

[Raybyrnes]

As soon as my employer provided the Option for the Roth 401K I went all in with respect to that option. I still have some previous 401K tat I never rolled over simply because the employer offered a very good plan that had a bunch of institution mutual funds I could not get into as an individual investor.

LesBaer
I am missing why the amount you are going to build up or the safety of your job would make a difference on the decision to go with the Roth 401k or the Traditional 401K.

These facts may impact whether you elect to contribute or not but they shouldn’t have any impact on the which to contribute too.

I am not criticizing but would like to get a better understanding of how these would somehow pencil into the decision making process.

To me this is the question. “How do I optimize my savings account.” The first consideration is the mix of funds. Does my plan have funds worth investing in. 2 Are they offering any type of match. 3 what are the long term tax implications. 4 Liquidity. What happens if I absolutely must get to this money 5 Estate planning. If I do not end up needing this money (not the case right now) how doe each pass to my heirs.

What am I missing.

[Raybyrnes]

flu

I don’t agree with the the thought process that the government is going to claw back at the Roth but if this were the logic used than it would be an acceptable reason to go with the Traditional. Similarly if someone were to argue that they thought taxes would actually be lower (i don’t agree with this ) than that too would be an acceptable reason.

My beef is that when they say they are savings person money by going with the Traditional, that is where I have to raise the Bullshit flag. Based on the scenarios they not only are NOT saving their clients money they are costing them money and even after putting it on spread sheet for one they still didn’t get it.

My take is that you have button ushers who can input the data but have no real understanding of the actual products.

[Raybyrnes]

flu

I don’t agree with the the thought process that the government is going to claw back at the Roth but if this were the logic used than it would be an acceptable reason to go with the Traditional. Similarly if someone were to argue that they thought taxes would actually be lower (i don’t agree with this ) than that too would be an acceptable reason.

My beef is that when they say they are savings person money by going with the Traditional, that is where I have to raise the Bullshit flag. Based on the scenarios they not only are NOT saving their clients money they are costing them money and even after putting it on spread sheet for one they still didn’t get it.

My take is that you have button ushers who can input the data but have no real understanding of the actual products.

[Raybyrnes]

flu

I don’t agree with the the thought process that the government is going to claw back at the Roth but if this were the logic used than it would be an acceptable reason to go with the Traditional. Similarly if someone were to argue that they thought taxes would actually be lower (i don’t agree with this ) than that too would be an acceptable reason.

My beef is that when they say they are savings person money by going with the Traditional, that is where I have to raise the Bullshit flag. Based on the scenarios they not only are NOT saving their clients money they are costing them money and even after putting it on spread sheet for one they still didn’t get it.

My take is that you have button ushers who can input the data but have no real understanding of the actual products.

[Raybyrnes]

flu

I don’t agree with the the thought process that the government is going to claw back at the Roth but if this were the logic used than it would be an acceptable reason to go with the Traditional. Similarly if someone were to argue that they thought taxes would actually be lower (i don’t agree with this ) than that too would be an acceptable reason.

My beef is that when they say they are savings person money by going with the Traditional, that is where I have to raise the Bullshit flag. Based on the scenarios they not only are NOT saving their clients money they are costing them money and even after putting it on spread sheet for one they still didn’t get it.

My take is that you have button ushers who can input the data but have no real understanding of the actual products.

[Raybyrnes]

flu

I don’t agree with the the thought process that the government is going to claw back at the Roth but if this were the logic used than it would be an acceptable reason to go with the Traditional. Similarly if someone were to argue that they thought taxes would actually be lower (i don’t agree with this ) than that too would be an acceptable reason.

My beef is that when they say they are savings person money by going with the Traditional, that is where I have to raise the Bullshit flag. Based on the scenarios they not only are NOT saving their clients money they are costing them money and even after putting it on spread sheet for one they still didn’t get it.

My take is that you have button ushers who can input the data but have no real understanding of the actual products.

[Raybyrnes]

bob2007

Higher income earners are not eligible for the traditional IRA. But yes if I am Kobe Bryant for example I will make more while working and probably less later on on life. Again I think the cut off is around 70 K

[Raybyrnes]

bob2007

Higher income earners are not eligible for the traditional IRA. But yes if I am Kobe Bryant for example I will make more while working and probably less later on on life. Again I think the cut off is around 70 K

[Raybyrnes]

bob2007

Higher income earners are not eligible for the traditional IRA. But yes if I am Kobe Bryant for example I will make more while working and probably less later on on life. Again I think the cut off is around 70 K

[Raybyrnes]

bob2007

Higher income earners are not eligible for the traditional IRA. But yes if I am Kobe Bryant for example I will make more while working and probably less later on on life. Again I think the cut off is around 70 K

[Raybyrnes]

bob2007

Higher income earners are not eligible for the traditional IRA. But yes if I am Kobe Bryant for example I will make more while working and probably less later on on life. Again I think the cut off is around 70 K

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