u/GFSushiTacos

401k Allocation amount

I am currently W2 and 1099. My W2 is $60,000/year with my 1099 around $100,000 and growing every year with residual payments on existing accounts along with new business. This year I'm trending towards $120,00-130,000 1099. My company matches 401k up to 6% and that's what I've been contributing into a Roth 401k. With my W2 being a smaller portion of my income, does it make sense to increase that to 10%+? Will this help with my tax burden at the end of the year? Is there something else I should be doing? I also max out my Roth IRA annually.

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u/GFSushiTacos — 26 days ago