walden

uBlock Origin, just to reduce any confusion.

Vanguard ESGV is a decent investment. It’s like the S&P 500 but with less guns and war.

I’m not sure about IRAs, but for 401(k) you can exceed $24.5k of personal contributions by making After Tax contributions.

Then, if your 401k account supports it (Fidelity does, but I’m not sure if it depends on your company), you can have the After Tax contributions automatically converted to Roth.

The problem with After Tax is you’ve already paid taxes on it, but also have to pay taxes later on earnings (so might as well put it in a normal investment account at that point). By converting it to Roth you don’t have to pay taxes on earnings.

This applies to personal contributions. Company contributions and personal contributions combined have a higher limit ($72,000).

This is usually called “mega backdoor roth”, and from time to time there is talk about closing the loophole.

There are two of these in my little town. One of them was right outside my neighborhood and it got cut down earlier this month and I’m super happy about it.

I posted about them on F-book (it’s either that or Nextdoor when trying to reach people locally) when they were first installed and there were a lot of boot lickers. “It helps the police so I’m all for it”, etc.

Someone else posted more recently the the mood has shifted substantially since a year ago. People are more aware and more upset about them.