whattimeisit
New member
Hi all, having some confusion over my retirement contributions and would love some advice. For context, currently making 110K base before EOY bonus and employee retirement contributions. Employer automatically contributes from a profit sharing retirement fund an amount equivalent to 5% of base salary. After that, I am currently contributing 16% of my salary to my vanguard fund, for a total of 21% of salary being contributed when adding on employer profit sharing fund. I am splitting my 16% evenly, with 8% going to 401(k) pre-tax and 8% going to 401(k) roth. I did this under the advice from some family members, but a recent conversation with a financial advisor directed me to consider contributing all 16% to the roth 401k. I was curious in hearing some opinions on this here, as this is my first job and never something I have had to consider before, so thank you all very much in advance. This subreddit has been integral in my financial journey thus far.