flâneur

What is a mega backdoor Roth? | IRA conversion | Fidelity

fidelity.com · 1,484 words · saved by 4 readers

The mega backdoor Roth is a strategy that may help you save more in a Roth IRA or Roth 401(k).

Key takeaways A "mega backdoor Roth" strategy can potentially allow some people to save more in a Roth IRA and/or Roth 401(k) than they otherwise would be able to. Whether or not the strategy is available to you depends on the specific features of your 401(k) or other workplace retirement plan. If your plan permits it and you're considering using the strategy, be sure to understand the potential tax implications, and consider whether it makes sense in the context of your other financial goals. If you've ever gone online and researched ways to save more for retirement in general, or save more i

saved by

related reading