How to do Roth? Should I do mega back door?
I’m 29 years old. Just started at Facebook total comp 245k.
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Google kRUn66 Jul 5, 2019
First pre-tax, then after-tax with mega-backdoor, and ira after tax and rollover to Roth.
Palo Alto Networks onhb57 Jul 5, 2019
Why backdoor after mega?
So first invest up to the pre tax limit for Roth?
Microsoft tfsUEwWt Jul 5, 2019
Always do mega.
Oz Management Jams Jul 6, 2019
Is there an income limit on traditional ira contributions?
Facebook ImIrnMn Jul 6, 2019
Max out pre-tax 401k and on top do both Mega and "regular" backdoors. Our 401k has the mega built in - after tax contributions+auto roth conversion+rollover to roth IRA anytime. In addition you should do regular backdoor - 6k into traditional IRA with immidiate rollover into Roth IRA
Roth makes sense if you anticipate your tax at retirement to exceed your current tax rate. How much cash do you have on hand post tax?
I only have like 25k cash right now. So what should I do
Pre tax probably makes sense for now. I would hold off on a mega backdoor personally until you have more liquid assets as a safety net.