401k + employer's match + megabackdoor + my and spouse's Roth IRA. About half of it is withdrawable (due to being in Roth). All of it is in fixed income securities @ 5.3% APR to protect against the AI bubble. Am I all set to leave G for a more meaningful job? L4, TC: 345k, YoE: 3.5 yrs Please rate my performance in the poll.
23K (401K max contributions) + 11.5K (Google match) + 46K (mega backdoor max) + 14K (two IRAs maxed) = $94.5K. What am I missing?
401k total limit was 66k in 2023, 6.5k each in roth IRA. That will only take you to 79K invested. How tf you got to 162K?
Roth IRA is trash. You didn’t do well
>Roth IRA is trash You grow tax free and you can take the principal after 5 years (if contributed through backdoor) if it is needed, say, for down payment. What's not to like?
Good start towards retirement savings. Put it all in SPY and forget about it for 40 years. Next you need money in a taxable account for property down payments. For that account, check out BOXX: tax deferred, treasury bill yields
>Put it all in SPY and forget about it for 40 Not right now. Don't wanna be a part of the AI madness. But I will definitely invest in it after rates go down. >check out BOXX Interesting! Thank you for mentioning it. It's new and thus risky, but I like the idea. I will definitely consider it.
No one ever won waiting for the market to go down. If you have a long time horizon, invest it all now.
Can you give the breakdown?
Just maxed out everything I mentioned in the OP post in 2023 and 2024 according to the Hack your Retirement Savings doc.
Good for your op, where’s this doc at?
How is your TC so high for an L4?
Do we bump threads on Blind?
3.5yrs and TC $345k. Impressive
I'm not from G, what is megabackdoor?
Contributions to after tax 401k that are immediately converted to either Roth IRA or Roth 401k.
How is that related to Google? What percentage is from Google match?
>How is that related to Google? Not every company has a generous match and megabackdoor >What percentage is from Google match? 22.75k
omg, google matches that much?