A 42-year-old Redditor is considering shifting a portion of his 401(k) contributions to a Roth IRA. Currently investing 14% of his income into a 401(k) with a balance of $250,000, he is uncertain about lowering his contributions to gain the full employer match while redirecting some funds to a Roth IRA. Concerns include whether starting a Roth IRA at this age will yield benefits and if the smaller balance can effectively grow compared to his established 401(k). Other Redditors highlight the long-term advantages of diversification into a Roth IRA.
A Reddit user is contemplating whether to redirect some of his 401(k) contributions to a Roth IRA, weighing the benefits of diversification.
The poster is uncertain if it's beneficial to now contribute to a Roth IRA at 42, despite his current 401(k) investments.
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