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…

401k Pretax vs Roth contributions All of the reading I’ve done on the “Roth or Traditional?” question answers the question by saying “what tax bracket will you be in when you retire?” I don’t know; who knows how much I’ll retire with? Won’t that determine how much I can spend using the 4% rule, and how much I’ll have to take in income one RMD kicks in? And who knows what the tax…

Roth vs Pretax 401k – am I doing this right? I have no idea if I’m doing this right? I’m 25 living in VA. I’ve been working for about 2 years now and still have zero idea if I’m properly investing in my 401k/Roth. I’ve read through the wiki and posts made by others and I still can’t seem to wrap my head around it. I make about $5600 gross every month. For the last 2 years, I’ve been contr…