Timothy Sumer

What's a Mega Backdoor Roth IRA? The backdoor Roth IRA is a roundabout way to contribute to a Roth IRA for high earners by first making a non-deductible traditional IRA contribution and then converting it to a Roth. A mega backdoor Roth IRA takes the backdoor Roth IRA concept further by allowing larger after-tax 401(k) contributions above the $22,500 pre-tax limit and converts them to a Roth IRA. Just know that not all employers allow this. #megaroth #ira #retirementincomeplanning #retirementinvesting #backdoorroth... ( 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 What’s a Mega Backdoor Roth IRA? When it comes to saving for retirement, options like the traditional 401(k) or IRA are often the go-to choices for individuals. However, there is a lesser-known strategy called the Mega Backdoor Roth IRA that provides an additional way ...