After years of living in poverty, thanks to some recent good decisions and luck, I currently bring in about $230k/yr. However, I’m really scrambling to catch up on investment basics, and the free financial advisor through my employer isn’t making any sense (to me).
I have a Roth 401k and a Roth IRA. My “advisor” said that I can’t really do a backdoor Roth and advised me to roll over into a traditional IRA instead. I haven’t opened a tIRA yet though because I’m not comfortable with that without understanding what’s going on.
I just hit the max for my 401k for the year and want to make sure I continue to invest in the right way.
Any advice would be extremely helpful. Thanks!
Submitted November 07, 2024 at 08:47PM by Potential_Scholar_16 https://ift.tt/yTvY0g1
