Comments on: Roth 401(k): It’s Official http://www.consumerismcommentary.com/roth-401k-its-official/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Tue, 29 May 2012 02:26:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: kitty http://www.consumerismcommentary.com/roth-401k-its-official/comment-page-1/#comment-129005 kitty Thu, 20 Dec 2007 22:47:04 +0000 http://www.consumerismcommentary.com/2007/12/18/roth-401k-its-official/#comment-129005 When I tried to use this calculator, I noticed a problem with it -- even thought I specified my 28% tax bracket and max allowed 401K contribution, it still calculated my invested tax savings value as $0. How can 28% (actually more if you add NY State taxes, but the calculator didn't include it) of 15500 invested for many years until I retire is $0? Interestingly when I played with other numbers, I still got the same result - $0 for tax savings that I get to invest myself. All of these savings I can put in Roth IRA on my own. I brought it up in the thread, but I don't think anybody replied. Have you checked your results from the calculator to make sure your results weren't affected by the same bug? At any rate, I am staying with regular 401K. If I sell some stocks, this may be the only thing that keeps me from being hit by the AMT, and if I don't sell stocks, this 401K deduction may keep my income low enough to be able to put something to Roth IRA. When I tried to use this calculator, I noticed a problem with it — even thought I specified my 28% tax bracket and max allowed 401K contribution, it still calculated my invested tax savings value as $0. How can 28% (actually more if you add NY State taxes, but the calculator didn’t include it) of 15500 invested for many years until I retire is $0? Interestingly when I played with other numbers, I still got the same result – $0 for tax savings that I get to invest myself. All of these savings I can put in Roth IRA on my own. I brought it up in the thread, but I don’t think anybody replied.

Have you checked your results from the calculator to make sure your results weren’t affected by the same bug?

At any rate, I am staying with regular 401K. If I sell some stocks, this may be the only thing that keeps me from being hit by the AMT, and if I don’t sell stocks, this 401K deduction may keep my income low enough to be able to put something to Roth IRA.

]]> By: My Dollar Plan http://www.consumerismcommentary.com/roth-401k-its-official/comment-page-1/#comment-128798 My Dollar Plan Tue, 18 Dec 2007 21:02:53 +0000 http://www.consumerismcommentary.com/2007/12/18/roth-401k-its-official/#comment-128798 Yay Flexo! I am in love with the Roth 401k! My company just announced this week that we are getting one too. I'll be switching. Yay Flexo! I am in love with the Roth 401k! My company just announced this week that we are getting one too. I’ll be switching.

]]> By: bob http://www.consumerismcommentary.com/roth-401k-its-official/comment-page-1/#comment-128788 bob Tue, 18 Dec 2007 17:02:52 +0000 http://www.consumerismcommentary.com/2007/12/18/roth-401k-its-official/#comment-128788 Yea - my company was one of the first to offer the Roth and I am so glad, the benefits of it are great - and I think a lot of people will be better off with the Roth than the traditional Yea – my company was one of the first to offer the Roth and I am so glad, the benefits of it are great – and I think a lot of people will be better off with the Roth than the traditional

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