Episode 91: Choosing Between Traditional or Roth Retirement Accounts

More employers are offering the choice between a Traditional 401K or 403B and a Roth 401K or 403B. How do you choose which one is best for you? Unlike with the choice for which IRA to use (the backdoor Roth IRA is the clear winner for physicians), deciding between for 401Ks or 403Bs involve more thought. The hardest part of making the decision is predicting your marginal tax rate when you are withdrawing from your retirement account. Tune in to this week’s episode to learn more. 

 If you would like to see historical tax rates at different tax brackets, you can find that information at  https://taxfoundation.org/data/all/federal/historical-income-tax-rates-brackets/

If you would really like a deep dive on choosing between investing in a Tradtiional vs Roth account, check out https://www.bogleheads.org/wiki/Traditional_versus_Roth

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Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

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