Is 6 a good match for 401k
What are the penalties for switching from a Roth IRA to 401K?
I'm sorry but that doesn't really answer your question, but people usually don't. It is often recommended to do the opposite. You're moving money from a tax-exempt plan (like a tradition or an IRA rollover) to a ROTH IRA. A Roth IRA is much better for a person who is young. With a ROTH, you now pay taxes (which you already have) and deduct the growth tax-free.
You can keep and continue to contribute to your ROTH while participating in the 401K. (The income limits the contribution, but not the maintenance.)
As a general rule, it is recommended that you contribute to your 401K first before you play. Let's say it's 6%, but you want to save 15% of your income for retirement. So 6% would go to your 401K, then the next 9% would go to your ROTH. You may then have to revisit your 401K to achieve more and get the 15% you want.
To complicate matters, many 401K plans offer a ROTH option. The money you deposited is taxed, but the game is taxed.
If your 401K plan offers such a ROTH option, you may still want to move up to the match, then into your private ROTH, and then round out with the rest of the money in the 401K. Why? Because you may want a different investment option than the 401K offerings.
You may not find much information on this because it is such a bad plan. I think you believe that you must do this because of wrong assumptions.
Nice job of looking after your future needs.
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