Should i do a Roth 401k or Traditional 401k
In a bit if a pickle here, trying to figure out which one is going to work best for me.
I am 26 and I currently make 88k a year, however I average about a 6.5% raise yearly and I am about to move to a new project where I will be getting a 18.5% COLA adjustment, which puts me over 100k a year.
Im moving to Oregon which has a higher state income tax than my current state of Colorado. Is it going to be beneficial to utilize the pre tax contributions to lower my taxable income while I live in Oregon? I make out my Roth IRA every year and currently do 7% to my 401k with a 6% employer match. Currently have about 60k in my 401k (currently a roth 401k) and about 13k in my Roth IRA