Timothy Sumer

Did you know you could save more after-tax dollars in your Amazon 401k? You can then move the after-tax savings to a Roth 401k to withdraw tax-free down the road. Watch this to understand the details. 👉Get Our Free Guide On Saving in Your Mega-Backdoor Roth Here: 🎯 Subscribe to our Channel to not miss other helpful financial planning topics: Financial Symmetry is a Registered Investment Advisor in Raleigh, NC. This video is for informational purposes only and does not constitute individualized advice or a guarantee that you will achieve a desired result. You should consult with appropriate tax and financial advisors for advice specific to your situation. #rothira... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Title: How to Maximize Savings in Your Amazon Mega Back Door Roth 401k Webinar Introduction: The ...

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Amazon 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth – a powerful provision within your Amazon 401(k). The Mega Backdoor Roth allows you to contribute after-tax dollars and convert those dollars to Roth. You can maximize your retirement savings and take advantage of the tax benefits associated with a Roth. Your regular 401(k) contribution limit also increased in 2023. If you’re under 50 you can contribute up to $22,500 and if you’re 50 or older you can contribute up to $30,000. Amazon will also match up to 2% of your base salary, which means that if you're making $325,000 and you put $22,500 into your 401(k), Amazon will contribute an extra $6,500 as a match. That's free money from Amazon! 00:00 Introduction 00:53 2023 Amazon 401(k) Contribution Limits 01:06 Amazon employer match 01:24 Amazon Mega Backdoor Roth exam...