>"Look how smart I am for having a mega-backdoor roth ira instead of a regular 401k like all the idiot sheeple."
Maybe you mean "traditional IRA" instead of 401k. The way I understand it, the backdoor Roth IRA depends on you using a company 401k so that you don't have any money in a traditional IRA, and can then contribute cash into an empty traditional IRA, and then "convert" it (move it) to a Roth IRA in the same financial institution. But it doesn't work if you have a traditional IRA with money in it, because then you have to enter the total value of that IRA on an IRS form and you end up paying double taxes on the conversion.
The wedding thing is totally understandable. If you care a lot about saving money, it seems rather reckless and wasteful to spend $50k on a one-day event when you have a ~50% chance of getting a divorce anyway. Sure, if you're a multi-millionaire, that kind of money is no big deal, but if you earn $80k, I'm sorry, but it's not financially smart to blow that much money on a wedding, even though so many Americans do for some reason.
You are referring to the backdoor Roth IRA, which has a contribution limit of ~$6k/year.
A Mega-backdoor Roth is an even more extreme tax loophole, specifically involving employer 401k plans, which has a similar taxation structure just managed by your employer, and offers $30-40k of additional tax advantaged opportunity.
Maybe you mean "traditional IRA" instead of 401k. The way I understand it, the backdoor Roth IRA depends on you using a company 401k so that you don't have any money in a traditional IRA, and can then contribute cash into an empty traditional IRA, and then "convert" it (move it) to a Roth IRA in the same financial institution. But it doesn't work if you have a traditional IRA with money in it, because then you have to enter the total value of that IRA on an IRS form and you end up paying double taxes on the conversion.
The wedding thing is totally understandable. If you care a lot about saving money, it seems rather reckless and wasteful to spend $50k on a one-day event when you have a ~50% chance of getting a divorce anyway. Sure, if you're a multi-millionaire, that kind of money is no big deal, but if you earn $80k, I'm sorry, but it's not financially smart to blow that much money on a wedding, even though so many Americans do for some reason.