Amazon Mega Backdoor Roth 2022 - Save Thousands To a Roth!

Amazon employees - this is huge! 💥 💥 In this video we’ll explain what is new in 2022 for the Amazon Mega Backdoor Roth 401(k).
*********
CONNECT: Lars Phillips CFA, CFP® on LinkedIn: / larsphillips
AMAZON RESOURCES: www.avieradvis... More resources for Amazon employees on their benefits including the Amazon 401k plan, sustainable investing, and RSUs.
avieradvisors....
*********
If you liked this video....
👍 Be sure to hit the like button!
▶️ Subscribe to our channel view more videos created for Amazon employees
www.bitly.com/...
*********
Recently, there was an update to the Amazon 401(k) plan that now allows you to save an extra $20,000+ compared to what you were able to save in 2021.
The after-tax portion of your 401(k) (frequently referred to as the Mega Backdoor Roth) which used to be limited to 10% of your base salary, has been expanded to allow employees to contribute up to the federal 401(k) limit in 2022.
Video highlights:
00:55 What’s new for 2022 in Amazon’s 401(k)
01:09 Example of how an Amazon employee can save $37,300 into their Roth
01:49 How do you convert your after-tax dollars within Fidelity Net Benefits
04:13 Considerations when thinking about maxing out your Amazon 401(k) and Mega Backdoor Roth
*********
Avier Wealth Advisors
425-467-1011
10655 NE 4th St. Suite 508
Bellevue, WA 98004
[e-mail]
We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families.
*********
Third Party:
Avier Wealth Advisors is not affiliated with Amazon. There is no guarantee that the information we have provided is accurate. Amazon employees are encouraged to contact their employer should they have any questions regarding their employee benefits.
Taxes: Avier Wealth Advisors does not prepare taxes. The tax ideas presented are meant to demonstrate general concepts rather than precise calculations. We consult with your tax professional for exact calculations.
#AmazonEmployeeBenefits
#Amazon401k
#AmazonMegaBackdoorRoth