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Message
re: Starting a retirement fund in your mid 30’s?
Posted on 8/7/20 at 9:01 am to DiamondDog
Posted on 8/7/20 at 9:01 am to DiamondDog
quote:
Start saving more than the 401k match and invest in a Roth as well.
I can’t. Make way too much money
This comment always lets me know who has no idea what they're doing when it comes to maximizing their investment opportunities.
1
Posted on 8/7/20 at 10:21 am to TheWiz
Backdoor Roth. What I don’t understand is how often I am supposed to convert contributions from a regular IRA. Does this have to be done all at once? Can they be filtered in.
Also it seems I’d be taxed twice. Once with the after market contributions I am making into the IRA and then with the Roth conversion. Is this correct?
Since I know I don’t know what I’m doing.
Also it seems I’d be taxed twice. Once with the after market contributions I am making into the IRA and then with the Roth conversion. Is this correct?
Since I know I don’t know what I’m doing.
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