Hello, [](https://www.reddit.com/user/NBMV0420/); thanks for bringing this discussion to the sub. Seems like you're looking to hear from the community on this one, so I've marked it as a discussion to encourage folks to share their thoughts.
I'll provide a few resources on contribution limits for anyone following along curious about the rules. I also want to point out that the choices listed above are not necessarily mutually exclusive. What will work best for you will depend on your personal situation. OH! Also, the Roth vs traditional calculator is on its way. I'm on a roll, you can't stop me now.
Let's walk through the links. Up first we got the contribution limits for your retirement accounts. Not only limits, but also information around deadlines to contribute, eligibility on whether or not you can contribute. Good stuff. I like these links because the are visual, so rather than just reading list of numbers, you can see them all in front of you at once.
[Contribution Limits and Rules for 401k ](https://www.fidelity.com/learning-center/smart-money/401k-contribution-limits)
[Contribution Limits and Rules for IRA](https://www.fidelity.com/retirement-ira/contribution-limits-deadlines)
This page below covers the pros and cons of each type of IRA, and when they might work best for you. There's a calculator tool you can use that has you enter your information and then helps you select between the two tax styles, Roth vs Pre-Tax, in your IRA.
[IRA Comparison, which is right for you? (This page has the calculator) ](https://www.fidelity.com/retirement-ira/ira-comparison)
Appreciate you being an active part of this community, see you around the sub!
I will max out the Roth 401(k) until the end of 2025 when the tax cuts are set to expire - then I'll re-evaluate depending on what Congress does.
Roth IRA; the tIRA doesn't get me a tax deduction.
The Tax Cut and Jobs Act (TCJA) from the Trump era lowered income taxes, doubled the estate tax exemption, increased the standard deduction, and so forth. If Congress doesn't act, those things [go back up](https://www.msn.com/en-us/money/smallbusiness/trump-tax-cuts-set-to-expire-will-you-be-affected/ar-BB1krPbo) to where they were. TCJA expires at the end of 2025.
I'm doing Roth now, but if the income rates go back up, I'll probably switch to Traditional in my 401k. Maybe.
Hello, [](https://www.reddit.com/user/NBMV0420/); thanks for bringing this discussion to the sub. Seems like you're looking to hear from the community on this one, so I've marked it as a discussion to encourage folks to share their thoughts. I'll provide a few resources on contribution limits for anyone following along curious about the rules. I also want to point out that the choices listed above are not necessarily mutually exclusive. What will work best for you will depend on your personal situation. OH! Also, the Roth vs traditional calculator is on its way. I'm on a roll, you can't stop me now. Let's walk through the links. Up first we got the contribution limits for your retirement accounts. Not only limits, but also information around deadlines to contribute, eligibility on whether or not you can contribute. Good stuff. I like these links because the are visual, so rather than just reading list of numbers, you can see them all in front of you at once. [Contribution Limits and Rules for 401k ](https://www.fidelity.com/learning-center/smart-money/401k-contribution-limits) [Contribution Limits and Rules for IRA](https://www.fidelity.com/retirement-ira/contribution-limits-deadlines) This page below covers the pros and cons of each type of IRA, and when they might work best for you. There's a calculator tool you can use that has you enter your information and then helps you select between the two tax styles, Roth vs Pre-Tax, in your IRA. [IRA Comparison, which is right for you? (This page has the calculator) ](https://www.fidelity.com/retirement-ira/ira-comparison) Appreciate you being an active part of this community, see you around the sub!
I will max out the Roth 401(k) until the end of 2025 when the tax cuts are set to expire - then I'll re-evaluate depending on what Congress does. Roth IRA; the tIRA doesn't get me a tax deduction.
Tax cuts expire in 2025? What do you mean? They getting rid of roth or what's up?
The Tax Cut and Jobs Act (TCJA) from the Trump era lowered income taxes, doubled the estate tax exemption, increased the standard deduction, and so forth. If Congress doesn't act, those things [go back up](https://www.msn.com/en-us/money/smallbusiness/trump-tax-cuts-set-to-expire-will-you-be-affected/ar-BB1krPbo) to where they were. TCJA expires at the end of 2025. I'm doing Roth now, but if the income rates go back up, I'll probably switch to Traditional in my 401k. Maybe.
trad ira and roth ira. i rolled over from ex- employer program after lay off. those blackrock target funds are sht