looking for advice : 401K @ 59 yrs old
My company is starting a 401K plan, and I'm 59 years old. I get the whole "no tax up front, taxed when you withdraw" concept but here's the question - do I max out and ride it for 6-8 years or do I just pay my insanely high income tax like I've been doing for years? (no dependas/no debt/no real deductions to speak of)
I can do trad 401k or Roth, or both. Employer will match some, but not all I put in.
I really have no idea about these things, so I'm hoping you money enthusiasts and smarter than me types can help a brotha out :)