My new employer offers Roth 401k and in my previous jobs that wasn't an option, so my retirement strategy was:
Max HSA, Backdoor roth, 529 (meeting tax benefit), max 401k traditional.
I am single,40s, own home.
My new job I started Feb last year so tax bracket little different:
**2024 from previous employer 170k for box 1 "wages..."**
From Turbotax, my AGI was 173k, Taxable income 144k so bracket 24%. I do see an "effective" tax rate \~16% though on the form.
**2025 from 1.5 months previous emp and rest current employer total 236k**
Assuming the deductibles are the same and if I do "simple" addition math, I am looking at 236k-170k+144k = 210k which is teetering at 32% bracket?
So is it worth it at all to do Roth 401k at all? I did read people here mentioning diversifying.
This year I am also planning to:
Backdoor roth (done), hsa, 529 (done) and 401k which just started.
From a high-level retirement pov:
Roth IRA: 256k
Traditional 401k: 392k
Rest: 58k
Should I take the 401k roth dip or continue traditional 401k?