Mega Backdoor Roth IRA: Is It Really Mega?

The Mega Backdoor Roth takes investing in a traditional 401(k) to the next level for high-income earners.

If you meet the eligibility requirements, you could stash an extra $41,500 for retirement in a Roth IRA.

Although the mega option is similar to the backdoor Roth IRA, they’re two distinct accounts.

Even though they’re both designed for high-income earners to convert a traditional IRA fund to a Roth, they do things differently.

The backdoor option was designed for high-income earners to make a regular Roth contribution using tax-deferred earnings.

CLICK BELOW TO  READ MORE!

Explore More from Debt Blogger

How To Get Out Of Debt And Onto A Healthy Budget Course!