Traditional 401(k) versus Roth 401(k) Gilberto has decided to contribute to a savings program. He can open a traditional 401(k) or a Roth 401(k) and has determined that he can afford a $14,400 contribution. Giberto's salary is $106,500 per year, and he is in the 32% tax bracket. If Glberto decides to go with a traditional 401(k), his contribution amount will be And the amount offet via a reduced tax bill will be If, instead, Giberto decides to go with a floth 401(k), his contribution amount will be And the amount offset via a reduced tax bill will be Assuming all the same facts, suppose that Giberto decides to open both 401(k) plans, splitting what he can afford to contribute equally between both plant. Under this scenario, Gilberto's comenbution amount will be And the amount offet via a reduced tax bill will be When Giberto retices, which plan's monies will the be able to exclude from taxable income? Assuming all the same facts, suppose that Giberto decides to open both 401(k) plans, splitting what he can afford to contribute equally between both glans. Under this scenario, Gilberto's contribution amount will be And the amount offset via a reduced tax bill will be When Gilberto retires, which plan's monies will he be able to exclude from taxable income