Thread: Money Investing megathread extravaganza
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Old 12-19-2023, 08:22 PM   #13551
lewdog lewdog is offline
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Join Date: Sep 2011
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Quote:
Originally Posted by Shag View Post
This is awesome, thanks! I'm single, so just trying to get myself to retirement, find a sugar mama, or both. Or buy a place in Tahoe, whichever comes first.

I max out my 401k every year, but that does bring up another option I've been considering - mega backdoor roth IRA. This is an option through my employer, and seems like an awesome loophole for tax-free growth to retirement. I think the max is like 66k/yr (including traditional 401k), and trying to figure out if it makes sense when I'm at my highest tax burden. Anyone doing this?

The VOO/VUG thing is kind of what I had in mind. I threw some money into VTI a couple years ago, which was supposed to be a nice growth ETF, but it's been entirely flat. I'll look into those two a bit.
If you are within 10 years of retirement, I don't think the backdoor Roth will make a lot of sense with the tax burden it creates. If you are younger and a ways from retirement, absolutely convert it now.
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