Great video as usual. Do you have a service where I can talk to you personally. I have watched many video's over the years, and always love the way you explain complicated subjects so easily.
To make 401K after tax contribution, do I need to first max out my 401k contribution of 30,5000 (over 50)? The reason I ask is that my employer match is only for contribution up to 23000. So, if I make 401K contribution to 30,5000, then I will lose some of the company match.
So, basically there is no limit on converting or rolling over, and you need to put in only what your plan to transfer out into a ROTH? But how are you going to make it nondeductible? How do you pay the taxes in advance like you would a ROTH?
Can this mega backdoor Roth apply to a 403b plan? If yes, I would check with my employer. Can I move funds from the 403b traditional IRA to a 403b Roth IRA or separate Roth IRA account?
Great video as usual. Do you have a service where I can talk to you personally. I have watched many video's over the years, and always love the way you explain complicated subjects so easily.
Thank you! I do not have a 1-on-1 service atm, but you can schedule a call with one of my vetted CPAs here. mycpacoach.com/contact/
15 videos in on the mega roth IRA, finally starting to get it.
Can you make a video for Assisted Living Facility owners on structure and tax strategies?
I have my meeting tomorrow at 5pm with your firm.
Great video!
To make 401K after tax contribution, do I need to first max out my 401k contribution of 30,5000 (over 50)? The reason I ask is that my employer match is only for contribution up to 23000. So, if I make 401K contribution to 30,5000, then I will lose some of the company match.
So, basically there is no limit on converting or rolling over, and you need to put in only what your plan to transfer out into a ROTH? But how are you going to make it nondeductible? How do you pay the taxes in advance like you would a ROTH?
what 401k providers do you suggest that allow for mega backdoor roth?
Can this mega backdoor Roth apply to a 403b plan? If yes, I would check with my employer. Can I move funds from the 403b traditional IRA to a 403b Roth IRA or separate Roth IRA account?
Can I rollover 401k from previous employer to Roth IRA? ls there a limit ?