Retiring next month. My last bonus will be deposited next week, full vacation pay in a couple of weeks. Trying to decide if I should put all in 401K Roth or Traditional to get the tax break.
I plan to do a back door Roth for this year and next year regardless. Anticipating 12% bracket for these to years. Which option is better or is it a toss up?
I have about 8% in cash now outside of 401k/IRAs but need to spend around $50k in redoing the home. Plenty of cash in IRA/401k now.
I plan to do a back door Roth for this year and next year regardless. Anticipating 12% bracket for these to years. Which option is better or is it a toss up?
I have about 8% in cash now outside of 401k/IRAs but need to spend around $50k in redoing the home. Plenty of cash in IRA/401k now.
Statistics: Posted by LaramieWind — Wed Feb 28, 2024 3:11 pm — Replies 0 — Views 11