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Question

Mega backdoor Roth IRA

Forum|Forum|2 years ago
February 7, 2024
1 reply
18 views

What are the key things to keep in mind when I use the mega backdoor roth IRA strategies? How can I calculate if it'll help my tax situation or not?

Ask the Experts - MetLife II - Feb 2024

Level 15

That you want to be sure that you're using post-tax funds and the transfer is handled between your 401K and your Roth without you ever touching the money.

The earnings when distributed from your post-tax 401K are taxable. The earnings when distributed from a Roth are not. It's a good idea for everyone's tax situation - eventually.

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