Jill on Money with Jill Schlesinger Roth 401(k) vs Traditional 401(k)
Jul 24, 2024
Explore the debate between Roth 401(k) and traditional 401(k) contributions. Get personalized financial advice on home purchases, insurance, retirement savings, investments, and tax strategies. Learn how Homes.com simplifies home shopping challenges with neighborhood guides, school reports, and collaboration tools.
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20% Down Payment Rule
- Put down 20% for a house purchase.
- Avoid putting down less or more than this amount, even with physician loan options.
Roth 401(k) and Liquidity
- Switch to a Roth 401(k) if your household income is $135,000.
- Consider the implications of an international move on your liquidity needs.
Ditch Whole Life Insurance
- Get rid of whole life insurance policies.
- Call the insurance company to determine the tax liability before cashing them out.