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following up from my previous question...

I understand the total defined contribution limit is 53k/year via the mega backdoor roth conversion. If I max that out, is it possible to add another 5,500 through the "regular" backdoor Roth method?

Thanks!

Hi all, My employer just started allowing after-tax 401k contributions that also allows in-plan withdrawal couple times a year, which of course means now I get to do a mega backdoor contribution! When I spoke with the administrators, they said I could either convert the after tax money into either a...

Hi everyone, I'm having trouble understanding what my actual asset allocation is. My 401k is invested in a retirement target date 2040 (Blackrock LifePath 2040). The following is from the fund's composition page: Fund Category Average Cash 5.62% 4.78% Convertibles 0.00% 0.05% Domestic Bond 4.60% 7.3...

I am a physician about 3 years out of fellowship (intensive care medicine) employed with a big hospital and so far have been very happy with this career. Maybe I haven't been in the field long enough to be burned out and bitter yet, and hopefully won't ever be. I work very reasonable hours (anywhere...

Thank you for everybody's responses! The 6.8% loan should definitely be one of my first priority. As far as after tax non-roth 401k contributions...my work does allow that, but I was trying to read more about it and a couple of websites mentioned it didn't make much sense since there are no tax bene...

^Earlier you posted the "asset allocation of my 401k plan" which would have to be the asset allocation of the Target Date fund? Out of sheer curiosity, would posting the Target Date fund"s underlying fund names (and tickers if provided) reveal the company the company name? I suspect ...

Thank you for all the advice and input. Regarding my employer's very generous contribution...and I do recognize it is extremely generous, however I am 100% sure they do contribute this much (half of it is already in my account for the year). My best guess of why they do it is that the base compensat...

Err... the 0.00% ER funds and the $17,500 full match makes me think OP would benefit from having a discussion with relevant people in his company to clarify a few things as a very first step. I guess I'll check with my employer and confirm, but I'm pretty sure I'm reading it correctly from the Fide...

Do I read it correctly that your employer is matching your 401k contributions 1:1 up to 17.5k? Where do I sign up?! Woah! I missed that. If that's true, only start paying off your loans after contributing to your 401k. You are receiving an immediate 100% return on you contribution when you employer...

yup it's not even really a match, they just contribute that amount to the 401k as part of the benefit package...

Thanks optimistic...here are my available funds copied and pasted directly from Fidelity and seems to indicate that some of them are 0%? Is it extremely unusual to be 0%? Are there other fees not indicated perhaps? I will definitely work on paying off the high interest student loans first... Name/In...

Thanks for the comments nightowl! My post has been edited...

Hi everyone! I'm glad to have found this website with so many people willing to help! I'm completely new to investing and have been trying to learn the Boglehead way of investing, which I would love to follow. Needed a little guidance from here... Emergency fund: 6 months Debt: Credit card - none St...