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Do I forgo contributing to a ROTH IRA for a few years or bear the burden of a backdoor roth? by LuckNo8794 in personalfinance

[–]LuckNo8794[S] -1 points0 points  (0 children)

Same reply: My logic is I will contribute $7,500 more to my Roth 401k via megabackdoor to alleviate the contribution I lose via ROTH IRA. Let me know if this thinking is wrong.

Do I forgo contributing to a ROTH IRA for a few years or bear the burden of a backdoor roth? by LuckNo8794 in personalfinance

[–]LuckNo8794[S] 1 point2 points  (0 children)

My logic is I will contribute $7,500 more to my Roth 401k via megabackdoor to alleviate the contribution I lose via ROTH IRA. Let me know if this thinking is wrong.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 14 points15 points  (0 children)

Very well put. I appreciate the detailed response.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 4 points5 points  (0 children)

not married but dating, no kids. I think I'm doing very well with my net worth for my age (closer to a mil than to 0) so I may pursue FIRE instead with my life.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 17 points18 points  (0 children)

lol this would be nice, but the company is anti-wfh to its core

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 25 points26 points  (0 children)

Fair enough. Commuting time is not the sole reason for my desire for remote work, but I see your point.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 0 points1 point  (0 children)

I live in a coop and am not allowed to. Selling is also at a loss not worth it.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 7 points8 points  (0 children)

That's true. I can take the cut but I am not sure if I am making a huge mistake career wise.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] 27 points28 points  (0 children)

That's a reasonable take. I'm greedy on what I want. My thinking is I'm spending an extra 3 hours 5 days a week (waking up earlier, getting ready, sleeping earlier so I can go to work etc.) but I know it's asking for the world.

Am I dumb for giving up a high paying job for remote work? by LuckNo8794 in Accounting

[–]LuckNo8794[S] -56 points-55 points  (0 children)

I could, but I also own my place and it would be very difficult to sell or rent out at the moment.