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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

So why didn't you do a Roth until you got over the $160K+ and why didn't you do a reg Ira after taxes once Roth wasn't available.  I too have a "small Roth" of $40k because it was only a few years i could contribute but I have a $400k+ Ira that is solely from Ira (not any rollover 401k --have about $500k for that and I haven't worked in 25 years (not yet 60)

But I get tax free growth for years by doing so[/quote]

Income climbed quickly and I couldn’t really spare the few thousand a year back then [/quote]
Ok, but why no regular Ira?  It still grows tax free[/quote]

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