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  1. W

    New to financial planning, I wasted 8 years of my 401K employment matching only 3%. Is it too late for me (30 F)?

    @lisneige I have done this for years through my IRA
  2. W

    New to financial planning, I wasted 8 years of my 401K employment matching only 3%. Is it too late for me (30 F)?

    @shanewp1988 It is for traditional Roth contributions. However, like me, you will be unable to contribute to Roth directly due to income limitations. Fortunately, you can save up to $43,500 after tax and are able to “back door” that money from a traditional IRA to a Roth IRA.
  3. W

    New to financial planning, I wasted 8 years of my 401K employment matching only 3%. Is it too late for me (30 F)?

    @shanewp1988 You make a good income, so it’s not too late. As the other posted stated, max out your 401k and try to back door Roth as much as you can. I actually have a pretty similar situation to you, with the same base pay and almost the same expenses. If it’s helpful, annually I am able to...
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