Mega Backdoor Roth
The mega backdoor Roth allows individuals to contribute significantly more to their Roth IRA than traditional limits, but it requires specific employer provisions. While this loophole may not last, maximizing contributions now can lead to substantial tax-free growth later. It's crucial to understand your company's policies and explore after-tax contributions for optimal financial planning.In this clip
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043 | Drawdown Strategy | The Retirement Manifesto
Related Questions
What are the pluses and minuses of contributing to a Roth IRA vs using the Mega Backdoor Roth strategy if I've already maxed my before-tax 401(k) contribution, as discussed in the episode 046R | Selectively Hardcore and the clip Roth 401(k) Insights?
What are the income limits for contributing to a Roth IRA?