08-26-2021, 08:46 PM
(This post was last modified: 08-26-2021, 08:47 PM by ken-do-nim.)
(08-26-2021, 12:49 PM)ChadR Wrote: I would keep it to what it's current type is. I'm a big proponent of delaying taxes for as long as possible. If you really want to move some to a ROTH, keep the ROTH conversion to an amount that won't put you into the 22% tax bracket or higher. On your next job, put some into the ROTH 401(k) instead of it all into the traditional 401(k) if you want to have more in a ROTH. Or if you can, open up a ROTH IRA along with what you're contributing into your 401(k).
Hmmm...
At work the matching is 3% if I invest 6%, so I put 6% into the ROTH 401k. I'm currently planning to draw down the entire ROTH portion of my 401k at age 60 and immediately add it to the dividend payout machine. The deferred portion of my 401k I'm assuming has to be withdrawn in small amounts over time to minimize the taxes. I'd ideally like to have it all drawn down by the time I'm 70, so that my dividend payout machine is going at full throttle. Should I reconsider?