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Just now finished my MBA, So I'm looking for a role in Finance domain and I would appreciate your support.
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I max 401k @ $18.5k plus after tax additional $10k (immediate conversion to Roth).
Then I do backdoor Roths $11k (incl spouse).
That’s what I do that’s automated for retirement.
Goal is to have it all done by April. Then rest of year, I fund my kids’ 529s at least $1k per month.
When bonuses get paid, I put more into regular brokerage account. I was always told if you start young and put away approx 15% of gross income (including co. match), you will have similar lifestyle in retirement as you do now.
When I started in this business in 2001, I could barely max Roths $3k each ($6k total) so do whatever you can.
I do about 100k/yr between 401k, backdoor roth and brokerage. Another 24k/yr in 529
I ve put away about 30 k in 401k. Splitting between deferred and Roth 401k. 5k to 529,. 5 to 10k Investment and purchased two Investment properties in past 3 years putting 70 k down on each.