56 Year Old-New Roth 401k Option from my Company

Hello,

I am a married 56-year-old with a traditional 401K making 150,000 a year. I max out my 401k now, along with my wife at her job. We have about 1 million in both our 401k’s combined. My company has now added the option to invest a portion of my contributions within a Roth 401k. I always hear both of you speaking poetic about how great Roth’s are (I do agree), and I have started them with each of my children, but is it wise to take advantage of this option within my job’s retirement at my age? What questions should I ask myself if this would be a good idea or unless you say I should take advantage of this opportunity? Great Show!!!

Thanks
Jerry

Thank you for the question. Answered it on today’s podcast. Please check it out on your favorite platform. Mark and Mat