What is the backdoor 401k that people talk about?

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Well, first you should talk about it with your partner and get consent. Then you should go slow and use a lot of lube. Make sure you use backdoor 401k lube.

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Way better answer than chatGPT. There is hope for humans.

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There’s this amazing new thing called ChatGPT that will give you a more thorough answer than any human on Fishbowl ever will

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Please stop

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You have the option with Accenture to contribute up to 20k to an after tax 401k, the funds contributed to this account can then be moved to a Roth 401k (4 times per year) or a Roth IRA (no official limit). Note that the after tax contributions are not matched by Accenture, so make sure you've done either standard or Roth 401k contributions up to the limit (there's no real value to the back door Roth 401k if you aren't hitting the IRS limit for the standard/Roth 401k contributions)

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Hi OP - there’s an Employee Resource Group that focuses on Wealth Creation - they have some really decent videos that explain the concept. Search ERG on portal.

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Hey Fishies!

Property owner wizardry required-

1.First home buyer lesson you wouldn't do again
2.First home buyer lesson you would do again

Just keep swimmin' - THANK YOU!

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