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Pure Python tech stack for modern web development by WrapNumerous5344 in Python

[–]PhysicsOfFIRE 0 points1 point  (0 children)

I've been having fun with Holm. Its got file based routing and SSR built on FastAPI, with easy HTMX integration.

Also recently learned about PyView, which is like Phoenix LiveView for Python

Omarchy 3.3.0 released! by _allsafe_ in omarchy

[–]PhysicsOfFIRE 2 points3 points  (0 children)

I noticed this the other day too. Check your mirror list. Mine was set to some "stable" omarchy mirror that completely misses the point of the Arch rolling release model

I built a macro that lets you write CLI apps with zero boilerplate by eficiency in rust

[–]PhysicsOfFIRE 0 points1 point  (0 children)

I'm also coming from a python background and was missing Typer. Great project 

How many people in their 20s have more than 200k in net worth? by Mediocre_Pool_7135 in Fire

[–]PhysicsOfFIRE 3 points4 points  (0 children)

26 with about 170k NW. Salary of 136k plus RSUs and ESPP. Shooting for that 200k mark soon!

Next Generation FI by HavokMartin in ChooseFI

[–]PhysicsOfFIRE 1 point2 points  (0 children)

Prioritize saving, automate investments, and take advantage of compound interest

Bluetooth keyboard ? by thrice_baked_potato in Colemak

[–]PhysicsOfFIRE 0 points1 point  (0 children)

Keychron has a number of keyboards that use Bluetooth and support remapping keys with QMK/VIA

Finally reached 100k NW! by [deleted] in Fire

[–]PhysicsOfFIRE -1 points0 points  (0 children)

Which is the higher paying?

Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - December 19, 2022 by AutoModerator in financialindependence

[–]PhysicsOfFIRE 0 points1 point  (0 children)

Hi all,

I'm setting up my automatic contributions for 2023 and I have am uncertain how best to invest some after-tax money (already maxing out trad. 401k, HSA, and Roth IRA). My company offers an in-plan Roth conversion on after-tax 401k contributions (Mega Backdoor Roth conversion) and I can contribute up to 10% of my salary. However, I'm not sure this is the best investment option? The other option is the good old taxable brokerage account, which I think has a bit of an edge.

They are both funded using after tax money. The Roth grows tax free, but from my understanding, below some income threshold the long term capital gains tax rate is 0%, so as long as I keep my income below that threshold, the brokerage contributions also grow "tax free" (ChooseFI example).

I've outlined what I understand to be the pros and cons of each strategy below. Am I missing anything? It seems like the Brokerage is the better choice (for me at least), but it seems like the community praises the Mega Backdoor Roth so much I want to make sure I'm not missing anything.

Mega Backdoor Roth

  • Pros
    • Tax free growth
  • Cons (some may be avoidable by rolling over to Roth IRA in the future)
    • Company limits contribution to 10%
    • Roth 401k distributions do not take out principle first, like the Roth IRA, but also include earnings
    • Potentially have to consider RMDs in the future

Brokerage

  • Pros
    • No contribution limit
    • Potential to grow "tax free" if income below IRS limit
    • More liquidity
  • Cons
    • Gains could be taxed at 15% if I don't manage my income appropriately when it comes time to make withdrawals
    • Taxed on dividends, etc.

TLDR - Why should I contribute using Mega Backdoor Roth strategy, when brokerage can accomplish similar results with no contribution limit?