At your current tax bracket traditional is the way to go if you will be at a lower tax bracket at retirement. Roth only benefits if you are paying low taxes now or if will be a higher tax bracket in retirement. If it’s the same the math has it as a wash/equal.

Don’t touch the current contributions in 401k or you’ll get hit with penalties. Just lower your future contributions a bit if need be to contribute to roth ira. Contribute at least enough to the 401k to get their full match.

You should Follow the flowchart. Use a traditional 401(k) and a Roth IRA to take advantage of both.

My generic advice:

https://i.imgur.com/lSoUQr2.png

Here is the flowchart from the r/personalfinance subreddit’s Prime Directive. If you follow that, you will be ahead of almost all of your peers.

Stop by the sidebar to see the Common Topics, which include basic money handling and investing.

You don’t need to talk to anyone or buy some random book to do this. You have all the tools right here.

I love the flowchart! Here's the wiki page with more context and information.

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Here's a link to the PF Wiki for helpful guides and information.

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If you plan to contribute to a Roth IRA please lookup the backdoor contribution method given your salary level.

Money grows tax free in a Roth, but you don’t pay taxes to begin with on a traditional IRA or 401k. One isn’t definitely better, and traditional is better for most people as long as you take the money you save on taxes and invest that too.

The government will get taxes on one end or the other. You just pick whether it’s at the beginning or the end.