Hello!
Hope one of you folks can help! My company added an new option, a ROTH 401K! I thought that my income was too high for a ROTH ($150K or so), but the administrator said that income limits don't apply to our ROTH 401k.
So, now I'm wondering how to figure out how much to put in ROTH 401K vs. Regular 401K.
Both types of accounts have the same investment choices. I'm currently buying SSgA 500 index (90%) and SSgA Global Index (10%).
This year I already contributed the max to the regular 401K, but Im wondering what to set up for next year?
I don't have many real tax deductions anymore, except property tax ($6K/yr), some employment expenses...I live in a high tax state (NY).
Anyone suggest calculation that would help me find the optimal % for each?
Anyone have any general suggestions?