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What is the benefit of using that compared to other types of investment?
Megabackdoor Roth obviously
Elaborate please?
1) Contributions to after tax 401k, 2) then roll that part of 401k periodically to a Roth IRA, 3)!enjoy tax free growth of that money. You’re welcome.
After some threshold you can’t do Roth me thinks
Yes after $122k single filing, your contributions are limited and $193k married filing jointly. Check IRS website
So much for high TC people here if they can still do Roth heh
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Megabackdoor Roth obviously
Elaborate please?
1) Contributions to after tax 401k, 2) then roll that part of 401k periodically to a Roth IRA, 3)!enjoy tax free growth of that money. You’re welcome.