What is the minimum average monthly cash flow (after 401k contributions, taxes, and expenses) that you would need to see per month in order to justify maxing the 401k?
Looking to move from the west coast to the midwest. Trying to see how big of a paycut i can take based on the feedback.
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Nope, I max the match and joke around with the guy who designs the fund I put the rest in.You can watch him on BBG TV.
He returning more than your 401k the past year?
Double digits. We designed a real set of winners. (that's vs the 1k and 2k, the DM ex us did its best before we got the fund off the ground)
Are you concerned that you can earn more in a taxable account so their is no reason to invest in a 401K?
I'd say it's part of it. Maybe not to the extreme where I would not allocate to the 401k completely, but maybe up to match.
Would you be ok with being break even in cash flow even after maxing your 401k, taxes, and expenses each month?
Kind of want some left over for taxable account.
I don't think I'll be able to contribute to Roth unless you can still do a backdoor.
I usually leave a little wiggle room. I am currently not daving anything into a 401K becuase I am going to buy a car in a few months and want to save an extra for the down payment.
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Would you be ok with being break even when in cash flow (no savings) after maxing 401k, taxes, and expenses each month?
Company doesn’t offer roth 401k and I don’t think I can contribute to roth unless you can still do the backdoor.
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