401k vs. Roth IRA - Which Is Better for You?

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  • Опубликовано: 5 ноя 2024

Комментарии • 23

  • @OptimizedPortfolio
    @OptimizedPortfolio  8 месяцев назад +3

    Do you prefer a 401k or a Roth IRA?

  • @punisher6659
    @punisher6659 7 месяцев назад +1

    Thanks for your content.

  • @Adam-ul2px
    @Adam-ul2px 8 месяцев назад +4

    I max out my roth ira and 401k roth.

    • @mr2981
      @mr2981 8 месяцев назад +2

      That is the correct answer!

    • @OptimizedPortfolio
      @OptimizedPortfolio  8 месяцев назад +3

      Awesome!

    • @siegfriedfurtwanglerknappe6188
      @siegfriedfurtwanglerknappe6188 8 месяцев назад +3

      I calculate my marginal tax rate, then put all in a traditional 401k till I'm in a lower marginal tax rate bracket, then put the rest in the roths.

  • @TJ-Stackin
    @TJ-Stackin 8 месяцев назад +2

    The Roth is better tax hedge and inflation hedge. The HSA is the best triple tax advantage account.

    • @OptimizedPortfolio
      @OptimizedPortfolio  8 месяцев назад +1

      Note that neither would really be considered an "inflation hedge." That comes down to what you're holding _inside_ the account. Also, as noted, the "better tax hedge" depends entirely on one's future tax rate compared to their current tax rate. For many, their current tax rate may be higher than in retirement, making the 401k the better choice.

    • @TJ-Stackin
      @TJ-Stackin 8 месяцев назад +2

      @@OptimizedPortfolio it would be the opposite. The Roth for be better for high income in retirement. 401k have the RMD

    • @OptimizedPortfolio
      @OptimizedPortfolio  8 месяцев назад +2

      @@TJ-Stackin Again, many will have a higher tax rate in their working years than in retirement, in which case a 401k or Traditional IRA with current-year tax deduction would be the better choice. If one's tax rate is higher in retirement than in their working years, the Roth IRA is the better choice. Of course, it can be hard to estimate such a comparison ahead of time, so utilizing both is sensible. The RMD is irrelevant to the hypothetical comparison of tax rates.

    • @TJ-Stackin
      @TJ-Stackin 8 месяцев назад +1

      @OptimizedPortfolio interesting perspective!

    • @TonyCox1351
      @TonyCox1351 8 месяцев назад +1

      @@OptimizedPortfolioI consider it a “tax hedge” in the sense that you don’t know for certain your tax rate in retirement, and the Roth is a hedge against that uncertainty. It may not play out in your favor, as many hedges don’t

  • @jackieg7584
    @jackieg7584 8 месяцев назад

    Can you open move than 1 Roth IRA in a year??

    • @OptimizedPortfolio
      @OptimizedPortfolio  8 месяцев назад

      I don't understand what you're asking.

    • @eldersprig
      @eldersprig 7 месяцев назад +1

      The contribution limits for an IRA are for ALL IRA accounts. No real reason to have more than one.

  • @AlexShantyOldLawModel
    @AlexShantyOldLawModel 8 месяцев назад +1

    This old man says neither one it it’s not validated and certified by NICER Prebate Probate Policy Protection Plan.

  • @janshuster1426
    @janshuster1426 8 месяцев назад

    1) Contribute to 401k up to match and not a penny more ( unless roth option available)
    2) Then max out a roth ira.

  • @Mitzi73
    @Mitzi73 8 месяцев назад

    Please educate yourself. A 401k comes in Tax-deferred and Roth. When you say “401k vs. Roth” it CONFUSES people.