Maxing out your 401k early in the year can cost you a lot of money if you have an employer match. Without the match, front loading your 401k is worth considering. I t’s common financial advice ... I would still max out the 401k as the top priority if you are in a high tax bracket (say 22% or higher). ... would suggest opening a Roth IRA and maxing that out too. ... If so then it is likely best to do the rollover of the 401k account into a traditional IRA, not a Roth IRA. I disagree. OP is going to go to grad school with - I'm assuming ... Your ideal 401(k) contribution depends on several factors. If your employer offers a match, your first priority should be to contribute enough to get the full match. From there, you may want to max out a tax-free retirement account such as a Roth IRA before you finish maxing out your 401(k). Hats off to you if you have the means to max out both a 401(k) and a traditional IRA or Roth IRA. If not, this IRA vs. 401(k) road map will help you prioritize your dollars. If you don’t get a match at all, open up and contribute to a Roth IRA or Traditional IRA. Of course, always get free 401K matching dollars before contributing to an IRA. And you might even want to consider a new employer if you’re not getting a pension. Regardless of match, if you can make the maximum 401K contribution in a given year, do it. 2) In some cases it may make sense to make the original contributions to a Traditional IRA/401k, then withdraw desired amounts from the IRA/401k before age 59 1/2 (yes, PAYING THE EARLY WITHDRAWAL PENALTIES) if the IRA/401k contributions during working years are in a high tax bracket, and the withdrawals in retirement/early retirement are in a ... Maxing out the 401K could get you $400,000+ in 10 years with a bit of stock market return in the mix, and well over 500,000 if you keep working a bit longer say to 67. ... maximum annual employee contributions to your employer's 401k plan as a priority ahead of more contributions to your traditional IRA. The 401k has the additional advantage of ... Anonymous wrote:34 years old, $280,000 in my 401k. worked for 10 years (9 years of government service plus I rolled over 401k from 1 year in private sector). Just started maxing out maybe 2-3 years ago. I was doing Roth 401k contributions earlier in my career so I contributed less since it was all after tax. $22,037 (Traditional IRA after I pay taxes) minus $17,392 (ROTH) equals $4,645. So I’d be paying 4.97% in taxes and have an extra $4,645 to spend each year in retirement if I use a Traditional IRA instead of a ROTH. That’s almost a 27% difference! Hands down, the Traditional IRA wins in this real life tax scenario! We fall somewhere between mid-end and high-end saving spectrum, a total of $425,000 saved between a 401k and Roth IRA at age 37. Am able to max out both a 401k with a 6% company match and max out a Roth IRA. Was a little late to start completely maxing out the company 401k but better late than never.
2021.10.16 22:56 valueinv500 Funding Priority question - Traditional IRA and maxing out 401k
I am looking into getting a traditional IRA because I can no longer get a Roth IRA. From what I can gather though that if I max out my 401K, this traditional IRA can not be used to further reduce my taxable income.
Is this still the next step in funding priority for me? Is there any reason not to do this?
submitted by valueinv500 to Bogleheads [link] [comments]
2021.10.16 22:56 Ok_Extension5535 I got these coins at a local auction, I thought y’all would like them.
|submitted by Ok_Extension5535 to coins [link] [comments]|
2021.10.16 22:56 Chees3Z Giratina Raid 7598 5480 0770 or 8833 4286 7208 7598
2021.10.16 22:56 KebsPls NKD - Sebenza 31 Small
2021.10.16 22:56 schweisse Newbie here, just rilled my starters, are any of them good? Should I just make another account?
|submitted by schweisse to houkai3rd [link] [comments]|
2021.10.16 22:56 sewcraftymama Nicknames for Felicity?
As I’m sitting here timing contractions, wondering if they’re real if not, I’m hoping you all can help me think of nicknames for Felicity which is one of our potential names for this baby girl. Her sister is named Eleanor, and we call her Ella.
submitted by sewcraftymama to namenerds [link] [comments]
2021.10.16 22:56 ShawnBre4d day 104 of drawing Stardew Valley until the new project comes out
2021.10.16 22:56 Daniele86 cartolina-aforisma-francesco-guccini-16
2021.10.16 22:56 AskaDoc_0 Blood in semen.. genuinely scared
Noticed there was blood in my semen about a week ago during masturbation (pmo). No blood in urine after. Engaged in pmo after 3 days. There was still blood and there was also blood in my urine (end stream) and tiny red stuffs (seemed like blood clot). Haven't tried pmo again since.
Seeking serious opinions as to what might have caused this problem.. genuinely scared
Visuals of blood Male, 32 y/o, 69kg, 170cm, no medical complications prior.
Note: I did go cycling on Saturday night, which was quite extensive. It was also a new bike that I had not tried, with a different seat. Not certain if it might be due to this incident.
I've seen a GP on Friday, who took a urine test. Results to come out on Monday.
submitted by AskaDoc_0 to AskDocs [link] [comments]
2021.10.16 22:56 dungamoo Otto and Flori for trade:) show me what you got!
|submitted by dungamoo to BSTsquishmallow [link] [comments]|
2021.10.16 22:56 4cihan Türkiyedeki en iyi sanatçılar top10 liste
2021.10.16 22:56 sun_nii comments? <3
|submitted by sun_nii to Homescreens [link] [comments]|
2021.10.16 22:56 Kool_Stuph Giving out free advice
2021.10.16 22:56 thriftyfivemm Typo?or irrefutable evidence we jumped to a parallel universe?
|submitted by thriftyfivemm to AnalogCircleJerk [link] [comments]|
2021.10.16 22:56 Major-Newspaper1858 20 PC GMT +2 looking for friends to have fun while playing
Hey, I'm gonna keep it short. I am looking for people to play and have fun. Please be 18+ and from Europe.
List of games i play:
-Rainbow Six Siege
I can try some new games
Hit me up for more details :D
submitted by Major-Newspaper1858 to GamerPals [link] [comments]
2021.10.16 22:56 CalmAssociation1231 (19m) should I tell this girl if she lost weight I’d have sex with her
I had a one night stand with this girl she’s a little chunky but still sexy, I haven’t seen her since but she texts me everyday to hangout and I don’t want to. But if she lost all her weight I would definitely see her again, should I tell her this? I know it’s mean but it’s the truth and it would probably be best for her anyways.
submitted by CalmAssociation1231 to relationship_advice [link] [comments]
2021.10.16 22:56 Filberto_ossani2 my brain forgot how to block knives
|submitted by Filberto_ossani2 to YourBizarreAdventure [link] [comments]|
2021.10.16 22:56 Darksol503 Geforce Now; ADDRESS 👏🏽EA/ORIGIN👏🏽ABOUT👏🏽THEIR👏🏽"TOO MANY COMPUTERS FEATURE!"👏🏽. This is a detriment to the Geforce Now experience!!!
2021.10.16 22:56 Trellaine Idiot mods!
2021.10.16 22:56 OneSimplyDoes THE BATMAN (2022) – Official Main Trailer Reaction
|submitted by OneSimplyDoes to batman [link] [comments]|
2021.10.16 22:56 Tuliemo I'm curious
2021.10.16 22:56 Spandarian Need help (switch) NM Baal
2021.10.16 22:56 Immediate_Question99 💟 MINI BITCOIN CASH 💟 Stealth Launch 💟 Listed On PancakeSwap 💟 Liquidity locked 💟
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submitted by Immediate_Question99 to AllCryptoBets [link] [comments]
2021.10.16 22:56 8lackheart Coop Help Hot Time
Good day fellow redditors,
As the title suggests I'm writing on trying to improve my Ass time support. Watching diceX videos on YouTube say to strictly use jokers on growths to maintain high 7* time dice. However I've noticed towards the end of my runs I have 50-60k SP with mostly 7* so I feel like I should spam Ass at the beginning and then jokers on growth maybe around wave 45ish.
I'm not really sure tbh hence the post. If we have any experienced Ass Time support players here please share your wisdom. 💜
Thank you for your time!
submitted by 8lackheart to randomdice [link] [comments]
2021.10.16 22:56 csoreilly37 Should I [26M] relax about my girlfriend [21F] smoking the devil’s lettuce?
My girlfriend used to smoke a lot before we started dating, to the point that it was negatively impacting her life and goals for her future. We’ve been dating for over a year and, to my knowledge, she hasn’t smoked once in that time. She decided to quit months before we met and focus on turning her life around. I have never smoked, but I’m aware that it it’s often a very harmless drug regardless of legality. I come from a family of addicts, my brother overdosed on heroin just a few months ago. A long time ago, I decided to never touch drugs and didn’t drink alcohol until I was 21, and I still only drink rarely.
That being said, I never judged my girlfriend for smoking in the past but I was proud she made the decision to turn her life around. But last night she got some weed from a friend and brought it home, and she asked me how I felt about it. I told her I have no problem with weed and I’m aware it’s relatively harmless and possibly even beneficial to some extent medically, but it still makes me uncomfortable. I told her I would not stop her from smoking it but I’d rather she didn’t. She said it would just be this once but, as someone who’s dealt with addicts my whole life, I replied “it’s never just once, this isn’t my first time hearing that.”
So she went out on the balcony to smoke and I stayed inside playing video games. It started getting late so I left the lights on for her and got in bed. This morning she got up earlier than I did, which is unusual because I’m always the first out of bed. She was getting ready to go and I asked why she didn’t wake me, because I was supposed to be helping her with something today. She just told me she didn’t want me to help her now and we sat down and talked again. She asked me if I was “still mad” about her smoking, so I told her again that it just makes me uncomfortable. After talking, she takes her weed and whatever bong contraption she made, and throws it in a trash bag, then walks out the door without saying bye.
She hasn’t talked to me all day despite me texting her a couple times to let her know I was heading out for something. I honestly don’t know what to make of this situation. I haven’t been angry with her and I don’t judge her by any means, I’m just not particularly comfortable with it and I thought she had left that behind her. So it just kinda came as a shock that she wanted to smoke out of nowhere.
TL;DR my gf is mad because I’m uncomfortable with her smoking weed?
submitted by csoreilly37 to relationship_advice [link] [comments]