Tyler (Caller)

But,

He really thinks because it goes up and down that if it goes down, it could crash, and it'll just all be bad.

Okay, so I think it's just in the back of his mind that anything could happen if we're not looking at it.

I really don't know how.

Yeah, I really don't know how to convince him because he's very scared of putting it somewhere where someone else is moving it and we're not the ones doing it.

He's 30.

He's a bike salesman right now.

Yeah.

Thank you, sir.

How are you doing today?

Oh, my wife and I have been reviewing our financial picture and we were curious if we might be contributing too much to our traditional 401k and we're curious on your perspective.

Uh, last year I contributed to the max, so 20,500, uh, or 19 five.

I can't remember when the change was, but it was the max 6,000 of that was to the Roth.

And then the remaining would have been to traditional 401k.

And then my wife's contribution would have been 18,000 all going to traditional 401k.

Okay.

Sir, sir, yep.

Well, I was just going to explain that.

We're pulling in over $340 a year, and so we're in a position where we can't contribute to a Roth independent of what's offered through our employer unless we backdoor it.

Not directly.