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Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Those stats might not be accurate. Average 401k balance doesn’t mean total net worth. I have a Roth IRA with only $7000 in it and another IRA with 60k. One of my 401k’s has 120k. Total net worth is in the millions. [/quote] But why didn't you take advantage of tax free growth for years? [/quote] I only directly contributed $2k to my Roth when I was in my mid 20’s and low earning. As soon as I became high earning I’m no longer eligible. I currently do a mega backdoor Roth 401k and contribute 20k a year into that. I could do a normal backdoor conversion to my IRA but I’m too lazy. [/quote]
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