Mega Backdoor Roth

Apr 22, 2018 44 Comments

Which companies allow Mega Backdoor Roth? I know LinkedIn, Microsoft, Google does. Do all companies allow Mega Backdoor Roth? Also, can i contribute to Mega Backdoor Roth from my bank account, or does it have to come from salary to after-tax bucket in Fidelity, followed by moving the after-tax bucket to Roth bucket?

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TOP 44 Comments
  • AT&T / Eng
    DDM2K

    AT&T Eng

    PRE
    Optum, Windstream, AT&T, Verizon
    DDM2Kmore
    So what’s the process?
    Apr 22, 2018 11
    • Google / Eng
      J32dfQ

      Google Eng

      PRE
      Facebook
      J32dfQmore
      The answer is yes, there is a income limit to directly take advantage of Roth IRA. Those above the income limit need to do a backdoor Roth IRA. So the income limit is moot since you can go around it using a trick
      Apr 23, 2018
    • LinkedIn $$$$$$$$$
      Also backdoor vs mega backdoor and two different things. So be careful with wording.
      Apr 23, 2018
  • Amazon Translator
    Sounds like a porno about someone named Roth
    Apr 22, 2018 4
    • LinkedIn Sowhatdidi
      OP
      That’s a good choice.
      Apr 22, 2018
    • Amazon Translator
      Nah I’m just playing with you.
      Apr 22, 2018
  • LinkedIn Sowhatdidi
    OP
    If I max 401K with 18.5K, plus the employer match of 9.25K, does that mean that I can contribute to Roth IRA the maximum amount of 55K-18.5K-9.25K, which is roughly 27K?
    Apr 22, 2018 4
    • LinkedIn Sowhatdidi
      OP
      Hence the word backdoor.
      Apr 22, 2018
    • LinkedIn Sthsth
      If I max out Roth IRA with 55K-18.5K-9.25K, which is roughly 27K, can I still contribute to traditional IRA up to its max of 5.5K?
      Apr 28, 2018
  • Amazon / Eng cDgs64
    Amazon doesn’t😭
    Apr 22, 2018 1
    • LinkedIn Sowhatdidi
      OP
      Leave there, seriously, not only because of this, but many other things
      Apr 22, 2018
  • Apple / Eng ICT5
    Apple allows it
    Apr 22, 2018 0
  • LinkedIn Sowhatdidi
    OP
    Wow, even Apple allows it. That leaves Amazon as the only shitty workplace among FAANG without Mega Backdoor Roth allowance.
    Apr 22, 2018 0
  • Google / Eng
    Tupak

    Google Eng

    PRE
    Facebook
    Tupakmore
    Facebook allows it too. No you can’t contribute from your bank account, it needs to be a payroll deduction.
    Apr 22, 2018 0
  • Netflix Anditsgone
    Netflix has it too
    Apr 22, 2018 0
  • GE allows too
    Apr 22, 2018 0
  • Snapchat VnGz18
    Snap has it
    Apr 22, 2018 0

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