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Roth IRAs vs. 401k - unique situation

#1 User is offline   sblatner 

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Posted 13 August 2011 - 09:41 PM

Hi Suze, I was watching the show tonight and once again, you recommend fully funding Roth IRAs. We have a unique situation. My husband and I own an S Corp in CA. We plow all our retirement savings into our 401ks pretax. We each contribute out of our paychecks and then our company matches. Because we own the S Corp, we have flexibility about how much the company contributes so we try to do as much as we can afford which is really quite a bit. This includes 401k match and profit-sharing.

I know that if we do this, we will not have any tax free money to use (besides our non-retirement savings) when we retire. Would you say that we should still fund Roths or just put as much as we can into our 401ks?

Thanks so much...Sarah
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