Fidelity confuses me. There are 4 things that I need to put in the "contributions" tab: Pre-tax % Roth % After-tax % Quarterly conversion of After-tax to Roth (Y/N) This is how I do the math: Pre-tax max for 2019 is $19,000, after-tax max is $27,500, and employer match is $9500, so the total is $56,000. Sum of pre-tax, roth and after tax percentages should be %65 to max out everything. Pre-tax percentage to max out for the match: 19000/56000 = %33.92 After-tax percentage: 65 - 33.92 = %31.08 Also I select "Convert all my after-tax balance to Roth". Is that what you do to max out all Pre-tax and Roth, or I'm getting it very wrong? Thanks for the help!
The percentages are based on your salary (and yearly bonus). So if your base is 100k you can put 19% to max out the pre tax portion. You should do some additional research if you want to contribute to after tax (and if you want to do a mega backdoor).
Also keep in mind that the limits are for a calendar year. So if you start contributing half way through the year you need to double the percentages to max anything out.
Yes. Note that Roth & after-tax contribution percentages are also based on pre-tax salary / bonus (not after-tax). Once you've reached the $19k limit on pre-tax / Roth contributions, you may want to increase your after-tax contribution amount (may help to max out that contribution as well). If you haven't already, consider looking into other tax-advantaged investment account types (IRA, HSA, 529) & ESPP contributions.