Welcome to the Jill on Money Show. It's Wednesday, December 10th, and we are here trying to help you make better, less bad, at least more considered financial decisions. If something's going on for you, maybe you're thinking about a new job, maybe you're ready to sell your house. Maybe you're ready to buy your first house.

Maybe you're thinking about a tax planning scheme. Maybe someone's trying to sell you something. Just get in touch with us. Go to jillonmoney.com. Click the contact us button. Write us a note. And if you'd like to join us on the air live, check the box. Mark will do everything else. While you're on the website, hey,

here's an idea. Check out my book. It's called The Great Money Reset. It's a perfect New Year's

resolution kind of book. In it, I try to outline the steps that you need to take to turn chaos

into opportunity. So go ahead, check it out, the Great Money Reset. Okay, right now, let's talk to Fred, who joins us from

South Carolina. I'm trying to figure out if I should be contributing into a raw 401k with my company

instead of the regular 401K. Fred, tell us about yourself. How old are you? I'm 49. I'll be 50 next year.

And are you single or partnered or married?

Married. I've got a wife, a stepdaughter, and a dog. A wife, a stepdaughter, and a dog. How old is your

wife? She is 44. How old is the stepdaughter? She'll be 12 in December. How much do you earn?

186,000 salary.

And then I have some variable compensation that comes and goes each year.

But looking at the last three years, it's about 240 gross.

Does your wife work?

She does.

She has a small home-based business, but it's only a couple hundred dollars a month right now.

All right, so we don't include that, right? No, not really.

Okay. Right now are you contributing the maximum to your 401K?

Yes, ma'am.

And that's all traditional right now, right?

That's correct.

Okay. So how much is in the 401k total right now?

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