I’m 40 and my advisor wants me to switch from Roth to traditional 401(k). Dave Ramsey says it’s a million-dollar mistake
Quick Read Ramsey argues that switching to a traditional 401(ok) saves taxes on $600,000 in contributions whereas forcing taxes on $2.5 million in development, which he calculates to be a roughly $750,000 mistake. Under the SECURE Act, heirs should drain an inherited traditional IRA inside 10 years, doubtlessly forcing $300,000 in annual taxable distributions on…