Exactly when to do a Roth conversion is an individual decision. IRA Financial’s Adam Bergman offers advice as to the best time to perform one.
IRA Financial Blog
The Mega Backdoor Roth Solo 401(k) is still a legal, retirement savings vehicle in 2022.
The major difference between a Solo 401(k) plan and the Roth Solo 401(k) plan is when taxes are levied – now or later; the choice is yours!
As of this writing, the Mega Backdoor Roth contribution is still in play. Whether that remains the case is something to be determined.
Utilizing the mega backdoor Roth Solo 401(k) strategy will allow self-employed individuals to supercharge their Roth retirement savings.
A recent study shows that Millennials don’t plan to rely on social security during retirement. A Roth retirement plan is more important than ever.