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BouncyEgg t1_iy9pk2f wrote

On an income of 300-400K, sure 6k (or 12k) will be small potatoes.

But gee... when you're retired, you (or your children when inherited) will be so happy to benefit from having a tax-free bucket.

How do you file your tax returns currently?

Once you've done it once, filing the proper forms is a trivial task thanks to tax software.

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PSEOL t1_iy9qglx wrote

It’s all relative. At that income, the tax advantage of the 401k is massive.

Truth is at that income level, you can have your cake and eat it too, maxing both 401k and Roth IRA (via backdoor)

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