10 Jul 2025 09:00
YFP 414: Ask YFP: When Should I Contribute to Roth vs. Traditional Accounts?
Wondering whether to contribute to a Roth or Traditional retirement account? Tim Ulbrich and Tim Baker break down key factors like tax brackets, Roth 401(k) access, and long-term planning tips to help you decide.
Episode Summary
One of the most common questions we get is: Should I contribute to a Roth or Traditional retirement account?
In this episode, YFP Co-Founder & CEO, Tim Ulbrich, PharmD, and YFP Co-Founder & COO, Tim Baker, CFP®, RLP®, RICP®, break down the key factors to consider when deciding between Roth and Traditional contributions, including:
✅ Your current and projected future tax bracket
✅ How much you’ve already saved in each account type
✅ Roth 401(k) availability through your employer
✅ State income tax implications
✅ Whether you have the cash flexibility to consider Roth conversions
✅ How the Roth IRA’s freedom from required minimum distributions (RMDs) can be a valuable planning tool
If you’ve ever found yourself wondering which retirement bucket to prioritize, or if you’re simply trying to be more tax-savvy with your savings, this episode is for you.
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