I'm trying to get a hold of our finances.
Dh has an optoin of either a traditional or Roth 401k at work, and we both have the option of Tradtional vs Roth IRA for earned income/spousal income contributions outside of work.
Is there a way (ie, easy formula that I can use) to tell which is better for us? I thought roth's were the hands down winner, but this site disagrees:
I expect that our income tax rate *will* be lower in retirement (as we won't be working, right?)
Texmati-- Knitter, Hindu, vegetarian, WOHM. Wife to superdad and mom to DS 24 months, and DD 8 months! .
Honestly, there are arguments both ways.
In our household we're split. DH takes advantage of his 401(k) program at work. I don't have retirement programs available through my employer since I only work part time, and I'm choosing to save in a ROTH IRA. So we have both pre-tax and post-tax money going into retirement savings vehicles. Hopefully it will even out in the end?
I'm an unintentional weasel feeder and I suck at proofreading.
|59 members and 15,822 guests|
|ashleighb , averysmomma05 , bellesmom , Biscuits & Gravy , DahliaRW , Dakotacakes , Deborah , demuthd , emmy526 , fange , floss&ferd , happymamasallie , hillymum , Janetdevlin_72 , JElaineB , katelove , kathymuggle , Letitia , lilmissgiggles , lisak1234 , mamabear0314 , mamadee17 , manyhatsmom , marsupial-mom , MeepyCat , Michele123 , Mirzam , Missgimpsalot , Moda Ani , MomNov1 , moominmamma , motherhendoula , mumto1 , Mylie , NaturallyKait , newmamalizzy , oaksie68 , philomom , redsally , RollerCoasterMama , rubelin , shantimama , sidrajedi , siennaflower , Skippy918 , Sojourner , Springshowers , sren , tifga , worthy , Xerxella , zebra15|
|Most users ever online was 449,755, 06-25-2014 at 12:21 PM.|