Ask Terry Questions Roth IRA vs 401k

Roth IRA vs 401k

By Terry Savage on February 08, 2023 | Financial Planning / Retirement

Just turned 50… Am I best served investing in company provided Roth IRA’s or 401k? Currently I do a 50/50 split but read that at my age a Roth IRA or a conversion is not advantageous.

Terry Says

Does your company offer a “Roth” version of its 40l(k)? And do you get a matching contribution? If so, that’s the way to go!

A Roth IRA is something you would do on your own — in addition to your company plan, if you qualify based on income.

We are NOT talking about a conversion here — just future contributions.

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