Mega Backdoor Roth
Hack Your Wealth - A podcast by Andrew Chen
#88: Have you maxed out your backdoor + mega backdoor Roth conversions yet? For high earners, direct contributions to a Roth IRA, and tax-deductible contributions to a traditional IRA, are limited by income thresholds. But ALL taxpayers – even high earners – can still invest money into a Roth via backdoor Roth conversion. And if your employer’s 401k has the right plan features, you can turbo-charge your Roth conversions another 7x by doing the “mega backdoor” Roth conversion. What the heck do...
