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Cake day: June 7th, 2023

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  • root@lemmy.worldOPtoPersonal Finance@lemmy.mlFidelity 401k options
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    3 months ago

    Ah that makes sense, thank you. For now I’m doing backdoor Roth IRA contributions as I can’t do direct contributions. Eventually I hope to be able to also use the mega backdoor after I fill up the pre-tax federal contribution limits for 401k. That will be “after-tax” that is converted to Roth.



  • Wow, great advice! Thanks so much. My rIRA is through Vanguard, and I do want a brokerage account at some point in the future for mid/long term savings.

    I’ll likely go with a blend of the Vanguard options, but just so I know, why might it be better to do so if I have an IRA and plan to have a brokerage in the future? Just so I have more “dials to turn” to match my tolerances?