Quick question.
I am helping a couple with a financial roadmap and am working on options for them to increase their 401Ks. Employer matching is already met. Emergency funds is squared away. Their income puts them square in the 15% marginal bracket and I don't see that changing going forward. They also max out a HSA both good health and active lifestyle. Ages are late 40s no kids or heirs. I suspect they will work. til 63-65 range. They do have a state income tax. Their monthly nut is 40% of net income.
Any opinions on which way to recommend Roth 401K vs Traditional 401K?
I am helping a couple with a financial roadmap and am working on options for them to increase their 401Ks. Employer matching is already met. Emergency funds is squared away. Their income puts them square in the 15% marginal bracket and I don't see that changing going forward. They also max out a HSA both good health and active lifestyle. Ages are late 40s no kids or heirs. I suspect they will work. til 63-65 range. They do have a state income tax. Their monthly nut is 40% of net income.
Any opinions on which way to recommend Roth 401K vs Traditional 401K?