dm
Full time employment: Posting here.
I retired last year and always just put the max into my 401k so I never had to choose between the two. My wife is still working this year and plans to keep her part time job at the local university. She teaches a night class there. So we will still have some earned income for a couple of years.
This year our adjusted income will be around 100K, probably will be the same the next couple of years. Then when we both are fully retired I expect it to drop to around 75K.
I'm 51 and my wife is 47. Does it make more sense to take the tax break now, with a traditional IRA, or put it in a Roth? Its not alot of money, but it's still money.
This year our adjusted income will be around 100K, probably will be the same the next couple of years. Then when we both are fully retired I expect it to drop to around 75K.
I'm 51 and my wife is 47. Does it make more sense to take the tax break now, with a traditional IRA, or put it in a Roth? Its not alot of money, but it's still money.