A company recently began offering what they're calling a new after tax option to our 401K plan for those who max out their contributions. The advantage is that employees can opt to convert their after tax account to Roth, making their earnings non-taxable. Paula and Joe: Is this a pathway to a mega backdoor Roth 401k? Or is this money that you would otherwise move to a Roth IRA?
#419: Casey isn’t happy at her job. If she leaves before her one-year mark, she’ll lose her 401k contributions. Should she stay or find a new job?
Daan resides in a high-cost-of-living area where real estate appreciates rapidly. But there’s no cash flow. How should he evaluate real estate as an investment?
Emily already maximizes her 401k contributions. Should she contribute to an after-tax 401k next?
Ryan’s investing for his son. If the yield is the same between two mutual funds, can he leave his son with more money if one mutual fund pays dividends more frequently?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode419
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