gadorg
gadorg OP t1_j6l6kn0 wrote
Reply to comment by alwayslookingout in Contribute raise amount to 403b or Roth 403b? by gadorg
Okay, that's what I thought you meant. Thanks, I'll go ahead and increase my existing contribution to my employer 403b. Is there a reason why that's a better way to go than increasing my contribution to my employer Roth 403b (after tax money)?
gadorg OP t1_j6kzsko wrote
Reply to comment by alwayslookingout in Contribute raise amount to 403b or Roth 403b? by gadorg
When you say traditional 403b, is that my existing 403b through my employer? Or a completely separate one I would open through a provider (Vanguard, Fidelity, etc)?
gadorg OP t1_j6kr5ho wrote
Reply to comment by alwayslookingout in Contribute raise amount to 403b or Roth 403b? by gadorg
Are you saying I should just increase my 403b contribution or open up a traditional 401k account and contribute to that?
gadorg OP t1_j6keyfn wrote
Reply to comment by plowt-kirn in Contribute raise amount to 403b or Roth 403b? by gadorg
Our combined AGI precludes us from contributing to a Roth IRA, unfortunately, however, both my spouse and I have Roth contribution options within our employer plans, so we contribute way. We could do a backdoor Roth, however, it's a little complicated in my case to do so, which I won't bore everything with in this thread!
gadorg OP t1_j6kcqva wrote
Reply to comment by plowt-kirn in Contribute raise amount to 403b or Roth 403b? by gadorg
Oh, gotcha. Well, retirement is still a ways off (10+ years) but I'm going to guess our (married) tax rate will be lower in retirement.
Submitted by gadorg t3_10pgkze in personalfinance
gadorg t1_je7nfn4 wrote
Reply to W4 Help Please Confused by ipoopsparkles123
You should still check box 2c if you meet the criteria as outlined in that box, otherwise, go through the worksheet.