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lotsofpulp • 10/02/2024 • 1 reply • view on HN

But now people working for profitable businesses can do mega backdoor roth contributions and still invest in the same VOO equities that the pension fund manager would invest in, but cut out all of the agency risk and not be tied to their employer.


Replies

MisterBastahrd • 10/03/2024

Yes, but that's an insanely small minority of people. The average person in my hometown makes $70K a year with overtime and has a $320K house. They're not loading up IRAs. They don't have the money to spare.

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