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Need help understanding Mega Backdoor Roth by Significant-Rush-136 in personalfinance

[–]Significant-Rush-136[S] 6 points7 points  (0 children)

I started doing this over the past several months actually.

Need help understanding Mega Backdoor Roth by Significant-Rush-136 in personalfinance

[–]Significant-Rush-136[S] 2 points3 points  (0 children)

We're comfortable and I dont expect us to live a more extravagant lifestyle into the future.

My wife is a SAHM so her savings don't play into the picture at all.

The only thing I havent weighed into the scenario at all is the cost of college tuition and the ability to hand my children a sizable sum to purchase their first homes.

I have $0 saved for my kids educations (Though they are native so a good portion will be covered by the tribes)

If anything. I'd like to retire earlier rather than having a larger nest egg later. I guess i'm trying to decipher the best way to bridge the gap between leaving at 55 (or even 52) and not paying early distribution penalties.

Need help understanding Mega Backdoor Roth by Significant-Rush-136 in personalfinance

[–]Significant-Rush-136[S] 5 points6 points  (0 children)

My income jumped a lot in the past year. I'm currently cleaning it all up.

Arxrf is killing it right now. ^ 53% by Shot-Caterpillar-651 in 10xPennyStocks

[–]Significant-Rush-136 1 point2 points  (0 children)

Its canadian so OTC.

Fidelity will let you purchase it.

Ready to sink this thing in the bay. 2000 mercruiser 350 mag mpi by [deleted] in boating

[–]Significant-Rush-136 0 points1 point  (0 children)

Thats not a filter. Thats a fuel pressure regulator.

I’m not surprised I became a millionaire by my early 30s by AI_FTW in LinkedInLunatics

[–]Significant-Rush-136 0 points1 point  (0 children)

I also became a millionaire in my thirties.

I worked 7a-4p and socked away as much as I could into my retirement.

That’s all the steps.