SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I Am 58 With $1 Million in My 401(k). Should I Switch to Roth Contributions? Whether to make the move from contributing to a tax-deferred workplace plan or switch to a Roth isn’t a question of “should” but a question of, “What works best for you?” Just a few of the considerations are: How much you plan to save toward retirement Your current vs. future tax situation The specifics of your Roth option ...