Roth Conversions vs. the Backdoor Roth IRA

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Mega Backdoor Roth Solo 401(k) Contribution in 2024?

If you are a Roth lover and are self-employed or have a small business with no full-time employees, then you absolutely need to keep reading and learn more about the secret Roth solution known as “the mega backdoor Roth 401(k).” The mega backdoor Roth strategy is the only strategy that will allow a self-employed individual […]
Can You Perform a Backdoor Roth Every Year?

The “Backdoor Roth IRA” is the only way high income earners can make Roth IRA contributions. The good news about the strategy is that it can technically be done every year.
What is the Mega Roth Strategy?

The advantage of using the mega Roth strategy is to maximize your retirement savings. Report Roth 401(k) plan conversions with IRS Form 1099-R.
Backdoor Roth vs. Mega Backdoor Roth

The Backdoor Roth IRA and Mega Backdoor Roth 401(k) are different, albeit similar, strategies one can use to have a tax-free retirement.
Can I Still do a Mega Backdoor Roth Solo 401(k) Contribution This Year?

Even though Tax Day has passed, if you filed for an extension you can still perform a Mega Backdoor Roth Solo 401(k) for the 2022 taxable year.
How to Make Roth IRA Contributions No Matter Your Income

It doesn’t matter how much you make, there is always a way to make Roth IRA contributions – just beware of any tax implications
Mega Backdoor Roth Solo 401(k) for the 2022 Taxable Year

If you are self-employed and eligible to utilize the Solo 401(k), you can supersize your tax-free retirement wealth with the Mega Backdoor Roth for the 2022 taxable year
Can I Still do a Backdoor Roth IRA in 2023?

As of January 2022, the Backdoor Roth IRA is still alive. Learn more with IRA Financial.
Is the Mega Backdoor Roth Solo 401(k) Still Legal in 2022?

The Mega Backdoor Roth Solo 401(k) is still a legal, retirement savings vehicle in 2022.