Mega Backdoor Roth 401k in 2023 - Reaching $66,000 of 401k savings in 2023, how it works, pros and cons, why have I not heard of this, and practical considerations for implementation.... ( read more )
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In 2023, Mega Backdoor Roth 401k will be an increasingly popular retirement savings vehicle for those looking to maximize their savings. This unique retirement savings option allows individuals to make after-tax contributions to their 401k, which are then converted to Roth IRA contributions. This strategy has become increasingly popular as it allows individuals to take advantage of the tax-free growth of the Roth IRA, while still allowing them to keep their 401k contributions within the tax-deferred environment of the 401k. The Mega Backdoor Roth 401k is an attractive option for those who are look...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)