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Retirement planning: Pre-tax vs Roth allocations
Retirement planning: Pre-tax vs Roth allocations Hi all, I am 42, make about $140k salary, and have $400k in my Roth accounts / $60k in my pre-tax accounts. My 2024 strategy has been to max out traditional 401(k) with $23k, then contribute $7k to Roth IRA as I will be under contribution limits. Should I also convert the 401k to Backdoor Roth, to maximize my tax-free status in 20 years? Or do I...
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