Greencheese
Recycles dryer sheets
- Joined
- Oct 6, 2013
- Messages
- 265
I've got a job with a great 401k match (but sadly isn't paying me 7 figures yet) that allows me to put in up to a maximum percentage of my income. Which is great... except that it won't let me hit the $17,500 cap when I go "all in" with my paycheck deductions. After talking to some people I figured I could open a second 401k on my own and simply do rollovers every quarter or so into my main account to hit the yearly allowable maximum contributions. Currently I have pegged additional money I have for after tax investments and my Roth IRA.
As someone who has at least 25 years to go would it be wiser to max the 401k or keep some funds in after tax investments for a mixture of before and after tax assets, especially with the idea of retiring several years before 59.5? Roth will be funded to the max either way.
Decisions Decisions...
As someone who has at least 25 years to go would it be wiser to max the 401k or keep some funds in after tax investments for a mixture of before and after tax assets, especially with the idea of retiring several years before 59.5? Roth will be funded to the max either way.
Decisions Decisions...