Good comparison, but you’re missing one small detail from your chart – the early withdrawal penalty of 10% applies to only the earnings in the Roth 401(k), but to the entire balance in the Traditional 401(k). That makes a huge difference if you’re considering moving to another countr...
Roth IRA vs taxable account Account balance as you age Chart Line chart with 2 lines. The chart has 1 X axis displaying categories. The chart has 1 Y axis displaying Total Savings. Data ranges from 0 to 744567. Total SavingsRoth IRATaxable Account29313335373941434547495153555759616365$0$200000$...
TSPs are retirement plans for Federal employees, including military personal. Think 401k for government employees. But better. One of the cool things about writing this blog is how much I get to learn. Not having any personal experience with TSPs I did a little digging. Unlike the fee heavy...
Yes, the limit on a Roth IRA is $5500 a year ($6500 a year after age 50.) After that I go to my wife’s Roth IRA. Then my HSA ($6450). Then my $401K ($51K). Then my cash balance plan ($15K). Then 529s for the kids. Then the taxable account. Then paying down my mor...
How to Optimize, Improve, & Get the Most Out of your Crappy 401K Last updated: January 16, 2025 Most 401Ks are Not Great. Here is How to Optimize Yours. 401Ks “suck”. But only in comparison to what they’ve replaced. And given that they are the standard today, … [Continue ...