My salary recently increased by like $100K/yr. I now make $230K/yr. I’m 29. Single/no kids. What should my retirement strategy look like?

Previously, I’ve done Roth, but I don’t know if now is the time to switch to traditional. I see some folks max out Roth, then do IRA, then do backdoor Roth 🤯. Help lol

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Do you think your tax rate in retirement will be higher than your bracket now?

Thanks for the advice!

Did you know when would you jump from 100K to 230K? Similarly, guessing as where you will be at the tax-scale in the retirement years, is almost impossible.

If you’re already maxing 401K (20k+), still have spare cash to invest at the end of the month, go with Roth. More pre-tax dollars will go in 401K.

If you are doing 401K for just company’s match, go with traditional.

Congrats OP!!!

How did you get such a huge increase? What do you do? Industry?

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