Hello Walmart peeps (in USA). Do you know if your 401k account (with Merrill Lynch account) has an option to contribute towards post tax 401 account?
If you are asking if Walmart has a way to do mega backdoor Roth IRA the answer is no
Yup this was my question. Thank you for the reply
Mega backdoor Roth - No Roth 401K - Yes
So if I’m understanding right, the plan doesn’t allow rollovers to your Roth IRA while you’re still employed. That’s not bad at all. You can roll over at the end of your employment
Even in plans that allow rollovers any time, usually rolling over later is the better strategy because this way the penalty-free withdrawal amount from Roth IRA increases (if you wanna invest in things the plan doesn’t allow, that’s a different story)
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Quitting this Slave life
They have free spelling classes
Yes, we call them "Executive Reviews"
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