I am a self employed dental specialist and my wife and I are the only employees. We both currently have a solo 401(1)k with Vanguard and try and max that each year. I believe that is 18k employee and 35k employer contribution so, its alot!
The more i listen to the WCI podcasts, the more i wonder if i should be doing a back door Roth instead or in addition. Seems complicated and i'm not sure my situation will yield much benefit. Thoughts?
In addition, i just started a Roth 401(k) @ Vanguard and this is the first year that i'll be funding the 18k into that account, in place of my 401(k). My efforts are geared towards balancing tax free vs tax deferred accounts.
Thanks
The more i listen to the WCI podcasts, the more i wonder if i should be doing a back door Roth instead or in addition. Seems complicated and i'm not sure my situation will yield much benefit. Thoughts?
In addition, i just started a Roth 401(k) @ Vanguard and this is the first year that i'll be funding the 18k into that account, in place of my 401(k). My efforts are geared towards balancing tax free vs tax deferred accounts.
Thanks
Comment