Submitted by fenderc1 t3_zkxnsg in personalfinance
Age - 32 yrs
Individual Salary - $160K (total $320K b/n wife and I)
I max out my 401K & Roth IRA yearly, and regularly invest as well. Married (wife makes around the same) and we own a townhome, but looking to buy a home (turn the townhome into a rental) within the next ~3-5 years. EDIT: max out Roth IRA via backdoor conversion
My company matches a combined 5% for both traditional & roth 401K so not specific match bonus for the roth 401K.
Based on this info, should I adjust so that it's balanced between the 2 401Ks or should I just stay the course with utilizing fully traditional 401K?
**EDIT: There seems to be a lot of people asking me about my salary compared to Roth IRA limits, and I HIGHLY recommend you read about Backdoor Roth IRA