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Replying to @NanoHydraulic
basically there are limits ($19.5k) to how much one can stash away in tax-advantaged retirement accounts every year, and some perfectly legal ways of getting around those limits to use a higher limit ($58k) instead this would make the lower limit more binding
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Replying to @NanoHydraulic
well it depends it won't actually result in much money anytime soon (because Roth allocations are post-tax) and it discourages retirement savings
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Replying to @eigenrobot @NanoHydraulic
I'm not even sure this gives the government more money If anything it robs it of money, at least front loaded money I question the rationality of investing in a Roth even at the 22% bracket (though I do) You'd have to be living very very well in retirement to come out ahead
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Replying to @Mike_Hinton @NanoHydraulic
it still better than simply investing non-Roth because you don't suffer capital gains on withdrawal the issue is that at my current margin my alternative to roth mega backdoor is "nothing", im already capping my traditional 401(k)
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Replying to @eigenrobot @NanoHydraulic
Right, if you're choosing between Roth and taxable, it's a no-brainer btw, I've been way into finance for a long time and I've never heard the term "mega backdoor" before PS - Holy bejesus, you must be saving a lot of money I thought I was a saver, but I'm not tech/corporate
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Replying to @Mike_Hinton @NanoHydraulic
tech salaries are stupid high :/ im probably unusually aggressive in saving rate tho
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heres a mega backdoor writeuphttps://www.nerdwallet.com/article/investing/mega-backdoor-roths-work …
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