Thread: PSA info
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Old 11-25-2016 | 04:57 PM
  #5198  
TallFlyer
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Originally Posted by Otterbox
Pretty sure you're only allowed to do an IRA contribution for $5500 total for the year (unless you're older), whether it's a Roth, traditional or both.

Agree your tax bracket is low enough early on that you'd benefit from the Roth IRA, then doing as much as you can to max the 401k.

Does PSA have a Roth 401K option as well?

There are limitations where Roth IRA eligibility phases out and income levels where traditional IRAs aren't tax deductible anymore so in those cases it pays to max the 401k first.

As for having more options... sometimes less is more. A limited and balanced 401k selection helps focus individuals on investing in the market overall vs speculating in niche segments.
Oops, guess you're right. That makes no sense, but that's government for you.

And yes, there is a Roth 401(k).
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