Dear Financial Community, Please, for the love of God, stop pointing out the average 401k balance by age. Without fail this is a number that looks and sounds extremely low, especially for older folks, and it’s usually in an effort to show how easy it would be to catch or outpace that number. You all… Continue reading Please Stop Citing the Average 401k Balance
Tag: 401k
I Get Access to a Mega Backdoor Roth
Earlier this year I updated my goals for 2020 and described how I’d investigated the possibility of doing a backdoor Roth to move my IRA into a Roth IRA. In the end, I found that my current tax rate is far too high for this to make sense for me. My current tax bracket is… Continue reading I Get Access to a Mega Backdoor Roth
Freed by 50 