Paul: Do not put money in an after tax 401k. Have it be pre tax, have it be Roth? He says custodians don't see this very often and they mess it up all the time. So just to avoid the entire mess from the beginning, don't do it. Paul: You can contribute a total of $61,000 into a 401k and you can then take that 40,500 that you put in as the after tax contributions and convert it to a Roth 401k.
#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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