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Hi Fishes, Could you please provide your opinions regarding interview bootcamps for FAANG companies and if one should join or not. Also which Bootcampis better - InterviewKickstart or Tech interview pro or Outco. Any suggestions areappreciated. Google Microsoft Apple Netflix Deloitte EY PwC Adobe Paytm Airbnb Facebook (Meta)
I'm so in love with these new babies!

I’m white.. and a man. Shhh, don’t tell anyone.
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Oh well there are lots of profitable investments opportunities in the crypto space at large .. you can invest on your crypto assets to earn and accumulate great profits ROI on day to day scale ratio on automated trading exchanges such as crest precisely. 👌
That is exactly what a bot pretending not to be a bot would say
IRA or HSA? Put more in brokerage if you have already maxed those 2
Actually I am confident because I know what a backdoor Roth IRA is and how the IRS views it. It is not a taxable conversion that you are describing, which is completely different.
Okay, let me explain this better because you don’t seem to get the math. The math does not support it being a good idea to open a Backdoor IRA if you need or want liquidity in the near term (5 years).
Let’s say you have $60,000 in a traditional IRA to do a backdoor roth with and you have an effective annual tax rate of 20% (simplified, excluding state, just federal). So, $60k * (1-20%)=$48k backdoor funds.
Year 0: you are starting with a return of negative 20% (due to conversion….i.e. way worse than a brokerage account or other investments day 1, but that is to be expected)
Year 3: you want/need to liquidate the funds in the backdoor roth and investments have gained 50%.
so your assets are now $72k but given that your $48k grew $24k and this is a non-qualified distribution, you have to pay a 10% on the $24k gain so you are effectively withdrawing $48k+$24k*(1-10%)=$69.6K for a total return of 15% (i.e. $69.6K divided by the initial $60K converted to a roth). If you would have invested $60k into a brokerage account and been taxed the 15% capitals gain tax on a 50% gain you would have ($60k*(1+50% return))*(1-15%tax rate)=$76.5K in after tax funds….a lot more than the $69.6K if you used a backdoor roth.
This comparison looks even worse if your investments have lost value because you had to pay the initial conversion tax.
From Christine Benz of Morningstar.
Maxed HSA. Not IRA. Could do IRA and backdoor I suppose but I want my investments fairly liquid.
I don't need liquid funds. I would like liquid funds
Chief
More into brokerage account.
Or if you have some gains that you can take out of brokerage at a long term cap gain rate, maybe it’s time to diversify into real estate.