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Odds are you make too much to write off your Traditional IRA contributions also… so you can still do a Backdoor Roth IRA Conversion… and inside of your 401(k), you can max out contributions to the after tax or Roth portion, while your company does matching contributions into your traditional 401…
You’re 34… you have plenty of time to adjust and adapt…
No, you have not screwed yourself.
Do you have a traditional IRA either? If not, do backdoor Roth IRA.
Chief
Consider the backdoor Roth IRA, if eligible.
Not at all.
At 34, having roughly $320K invested across your brokerage accounts and 401(k) already puts you in a strong position compared to many people your age. While a Roth IRA is a valuable tool because of its tax-free growth, it's only one part of a long-term wealth-building strategy.
Many high-income earners who exceed the Roth income limits still build substantial wealth through 401(k)s, taxable brokerage accounts, and other investment vehicles. Depending on your situation, you may also want to look into strategies such as a Backdoor Roth IRA.