Both...most companies offer traditional pre-tax. Setting up a Roth now will allow you to put money aside that you were already taxed on so it won’t be taxed upon withdrawal. This is helpful if a. You end up making more in retirement b. If taxes are higher at that time of withdrawal and c. If you need income to help when you withdraw from your traditional company matched account to cover those taxes. But that’s just me....a financial planner can give you a better idea of all the options so you can understand all the avenues and pick what makes sense to your comfort level and lifestyle.
I don't know how you can set up or contribute to a 401K except through your employer. If you can do it asap. I never realized how important putting as much away as you can was until I decided to retire! It seems a long way off, but time flies!
@samueltyler2 from my understanding, you will only get what a company matches, if you are employed at the company for 5 years...I'm leaving in 3 months so I'm trying to understand the difference a few hundred dollars (my contribution between now and then if i start now) will make.
@Slade you arent understanding what I'm saying. I don't see a point in putting money in a 401k that's gonna need to be transferred in 3 months, [i]if[/i] I'm eligible to contribute to 501k asap, or in 12 months if employer says I have to wait... I've made my decision then...I'll just wait. Thanks though.
both. you should start a post tax ira now and do your 401k with new job. you probably won't really be able to do anything with a 401k if you're not currently employed