I posted this in "Ask a Mustachian" forum but I figured I may get more answers here.
Any members here putting money into their 401k on after-tax basis? I am having a hard time figuring out how much of my stache should be in tax advantaged accounts v. after-tax accounts.
I max out my pre-tax 401k (and now also HSA) contributions every year and started investing another $50-60K on after tax basis a year (actual amount dependent on bonus but last year I started $4K per month automatic investment program that will result in a minimum of $48K invested per year). I am not eligible for a Roth 401k or IRA and I figured that instead opening another traditional IRA (not tax deductible), I can put money on after tax basis into my 401k. Last year I contributed about $10K over the IRS max.
So the question I have, should I be doing that or should I just invest it through my brokerage account?
I am planning to retire in 4 and half years at the age of 50 1/2.