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Author: AliFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: 401K, Roth IRA, & Taxes Date: 9/2/1998 2:51 AM
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Hey, Fools. Last year, when I embarked on my career, I started socking away 10% into my 401K immediately. (The first 4% of which is matched with an additional 2%). Then I opened an IRA, and rolled it into a Roth IRA conversion. (I'm young and saving for a house someday, so the Roth IRA looks good.) This year I still put away 10% into the 401K, and I just opened a new Roth.

Now, I'm thinking... tax-wise... wouldn't it have been better to MAX my tax-deductible 401K contributions to the full 18% my employer allows (up to $10K or so) before investing anywhere else?

Insight...? --AliFool
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