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“if” is the issue. Most people won’t contribute 10%, and that too has a tax ceiling. I contribute 15%, and I still hit the 18k limit, moving into after tax.
by madengr 8y ago
“if” is the issue. Most people won’t contribute 10%, and that too has a tax ceiling. I contribute 15%, and I still hit the 18k limit, moving into after tax. Make too much to contribute to a Roth also. I’m in a flyover state, and tech salaries in SF are going to be even more limited. I just save it as cash for my kids college.
- thatfrenchguy 8y agoWorking in tech, if you don't max out your 401k, what are you doing ?
- madengr 8y agoAgreed. Just iterating that 10% easily hits the limit of traditional retirement savings, and one has to use different avenues to have equivalent retirement income of a tech salary.
- TomVDB 8y agoThere is nothing that prevents you from putting after-tax money in a regular Vanguard fund? The tax advantages option are just gravy.