I graduated in May and got my first full-time job and would like to being contributing more to retirement. I live in New York State (not NYC) and work in Connecticut so I pay state income tax in both states.
Paying income tax in two states seems like a good reason to contribute to a traditional 401K; however, since I started working halfway through the year, I will only make half my salary which seems like a good reason to contribute to Roth. My full salary is $77,000 / year.
Should I contribute to a Roth or Traditional 401K or both? I am currently contributing enough split between the two to receive the full company match but I could afford to contribute a little bit more.