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

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/56-year-old-new-roth-401k-option-from-my-company/281>\
**Category:** Retirement Accounts and Strategies\
**Created:** [April 24, 2023, 3:20pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/56-year-old-new-roth-401k-option-from-my-company/281 "2023-04-24T15:20:08Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![stassej](https://avatars.discourse-cdn.com/v4/letter/s/e480ec/32.png) [@stassej](https://discussion.mainstreetbusinesspodcast.com/u/stassej)\
**Post date:** [April 24, 2023, 3:20pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/56-year-old-new-roth-401k-option-from-my-company/281/1 "2023-04-24T15:20:08Z")

</div>

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

---

<div class="post-metadata">

**Author:** ![system](https://us1.discourse-cdn.com/flex046/uploads/msbpod_openforum/original/1X/42f4af5f452c22dd6feece9c5b47d6a5185fa706.png) [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\
**Post date:** [April 27, 2023, 9:18pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/56-year-old-new-roth-401k-option-from-my-company/281/2 "2023-04-27T21:18:35Z")

</div>

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