{ "media_type": "text", "post_content": "Need investment allocation advice. Specifically \"should we max out 401k?\" More detail in comments", "post_id": "5ecc6fbd551d9b001d620f94", "reply_count": 21, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Need investment allocation advice. Specifically "should we max out 401k?" More detail in comments

Posting as :
works at
You are currently posting as works at

At your income level you should be maxing out your 401k because you reduce your AGI which is important at your income level. We are at 185k and 86k. After maxing 401k, HSA, and taxes. We take home 8500 and 3500 a month.


Don’t you exceed the income limit for a Roth?


We do Backdoor Roth


Me: $160,000 (age 27)
Wife: $115,000 (age 26)

Current investment allocation-

Me: 6% or $9,600/yr
Wife: 6% or $6,900/yr

Roth IRA:
Me: $6,000/yr
Wife: $6,000/yr

Taxable stock purchase plan:
Me: $17,250/yr (sell and diversify)
Wife: $6,613/yr (buy and hold)

Taxable robo investment:
$4,000/mo or $48,000/yr

Recommend diverting from our robo to 401k maximum or no? We want to have some money that we can access for big purchases and are wary of putting money away that cannot be touched till we are in retirement


You can however convert your 401k to a Roth IRA and then make withdrawals after 5 years.

Agree it’s not as liquid, but the 401k is also more beneficial typically

At your income levels, I would definitely max your 401k. You can more than afford it.

Plus you get the added bonus of reducing your taxable income


Do you have a master's? Impressive comp

Hm, may need to switch to Accenture

Where is the rest of your money going? Invest more

Oh boy

Related Posts

Anyone ever do a 401k loan to pay off cc debt? Trying to weigh pros and cons.


What are allowances or benefits in addition to CTC, that Mindtree offers?
Like WFH allowance, well-being allowance, etc...


Additional Posts

When you spend an entire day doing campus recruiting. FTW!


Best thing that I heard after a long time - "If you get a good pay raise/ bonus this year, don't raise your standard of living but raise your standard of giving!" Suggestions on how?


T or VZ stock for a retirement portfolio?


greatest voices in rock...#1 Freddie Mercury #2 Steve Perry #3 Chris Cornell


Put in my notice last week and my blood pressure has legitimately dropped 10 points in a matter of days. Feel like I can finally breathe again after 4 years. Peace out PA!!!


I just want my team to know I love them and think the world of them! When I’m tough, it doesn’t mean I don’t think you’re smart... just trying to challenge you to push yourself. ❤️


Wife is starting MBA soon. She has a competition law background from India & offers from BC ($) & Georgetown. We know that top4 recruit from both schools. Any opinions on opportunities open to (contd)

Requesting info/experience. I want to work as an associate lecture or professor at a college such as NYU, Rutgers, or any. How do i go about finding the opportunities and who should i reach out to?


Any ex BAH fish make the move to Deloitte? If so any words of wisdom? Hours, culture, lifestyle, and such. I always strive for a good work life balance.


Carlos Hyde limited touches this week against the Texans? Split between him and Kerryon Johnson (Detroit@Miami). Do I wait to start him against a pretty miserable Seattle rush defense next week?

NEVER FORGET THE SODA BAN! I’m enjoying watching the sugar fascists get their fiery comeuppance.


Are any banks currently offering free/ low cost mortgage refis? Currently have a 30 yr fixed jumbo loan at 3.75%


What’s the most important lesson you learned from your worst boss? What have you learned from the best/most inspiring?


Does anyone have pet insurance for their cat? Adopted a rescue and thinking about it!


I need some cash.
Anybody want a EY referral?


Is Google Cloud a separate legal entity from Google? The Glassdoor treats it as such. Possibility of transfer between each?


I have 3 offers in hand.
1. FIS 18LPA
2. LTI 22LPA
3. Altimetrik 24LPA

Considering work life balance, Job timing flexibility and job security which one do you think would be better option?


What is M1 grade?

Got told my grade would be "highest consultant" during call with recruiter for developer role. Offer letter says "M1" which sounds like manager 🤔


1/15/22 weekend workout 🥳
What’chu doing today?


What is EY compensation range for FS advisory Senior Manager role in tier 2 city?


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

For account settings, visit Fishbowl on Desktop Browser or