Dude! Love the video. I kinda live on financial RU-vid to try and better myself while I start my career. This popped up on my sidebar, and I love your video style and accurate information. Keep it up!
Ben thank you so much for the comment, I greatly appreciate it! I saw it this morning and it put a smile on my face, thanks for taking the time to write that. Hope to see you around!
Hey Nick - For the Roth 401K option, you'll pay taxes up front, creating more flexibility for withdrawals in retirement. Distributions from your IRA can also affect the taxability of SS benefits. This can get pretty detailed, I'd be happy to chat about it offline if you want a more specific answer.
@@KyleKuyat thank you this information, I just subscribed, That would be nice If you would like to. I’m just trying to wrap my head around splitting my employer match of 100% of 6% between 401k and the new Roth 401k option they I just seen on are HR department notice.
Thank you Nick, much appreciated! And yeah of course, I have a calendar link on my channel just pick a time on there that works for you and we can chat about it. Looking forward to it!
@@nickjones8702 Deciding between traditional 401(k) vs Roth 401(k) is function of your tax bracket; favor contributing to Roth 401(k) when in relatively low tax bracket and favor contributing to traditional 401(k) when in relatively high tax bracket; if under $47k (single) is 12% federal tax bracket so favor contributing to Roth 401(k).
