{ "media_type": "text", "post_content": "Recent college grad having a lot of trouble understanding if I should max my traditional or Roth IRA this year. I make 100k salary and made 60k from short term capital gains last year, but maxed my 401k. Does this mean I made too much to use a Roth this year?", "post_id": "5ff471715431020021afa499", "reply_count": 4, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Recent college grad having a lot of trouble understanding if I should max my traditional or Roth IRA this year. I make 100k salary and made 60k from short term capital gains last year, but maxed my 401k. Does this mean I made too much to use a Roth this year?

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Always put the minimum for 401k through employer to receive max money from the employer, then max out your Roth IRA and if you still have more then max out the 401k

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I don't have an answer, but if you don't have any in a traditional IRA, just do a back door. Then you get all the benefits with none of the headache.

Quick aside: be sure to set aside some extra cash for taxes on your gains. Many people don’t realize this and get squeezed by a big tax bill.

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