3 ms·
9 years at facebook, maxing out 401k and Roth Megabackdoor ~= $450k in tax-sheltered retirement accounts. That is a hell of a good start for retirement. EDIT:
by ojbyrne 5y ago
9 years at facebook, maxing out 401k and Roth Megabackdoor ~= $450k in tax-sheltered retirement accounts. That is a hell of a good start for retirement.
EDIT: forgot the employer match. More like $600k.
- doopy1 5y agoThat won't carry you very far if you live in a major city.
- ojbyrne 5y agoAs I said, a hell of a good start.
- loeg 5y agoYou can save in ordinary taxable accounts, too. The sky is the limit.
- erik_seaberg 5y agoMatching is great, but the total limit on 401(k) contributions for the year ($61–67k) is the same whether it’s withheld from your wages or matched by your employer. (This is not financial or tax advice; listen to me and I will definitely lose all your money and send you to club fed.)