What's A Mega Backdoor Roth?
Mega Backdoor Roth, 401(k), Retirement, Backdoor IRA, Roth IRA Buck by Buck Mega Backdoor Roth, 401(k), Retirement, Backdoor IRA, Roth IRA Buck by Buck

What's A Mega Backdoor Roth?

If you like your Roth IRA for its tax-free growth, you’re really going to like a mega backdoor Roth! Contributions to a Roth IRA are funded with after-tax dollars and earnings grow entirely tax-free. Similarly, a mega backdoor Roth is also funded with after-tax dollars and earnings grow tax-free but with a much higher contribution limit!

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Roth IRA or 401(k): Which One Is Right For You?
Roth IRA, 401(k), Retirement, Taxes, Investing, Backdoor IRA Buck by Buck Roth IRA, 401(k), Retirement, Taxes, Investing, Backdoor IRA Buck by Buck

Roth IRA or 401(k): Which One Is Right For You?

I hear it all the time, “Should I invest in a Roth IRA or a 401(k)?” To help you answer that question, first we need to know what they are and what some of their benefits are. From there, I will make several suggestions to help you think about your own situation. Ultimately, the answer will largely depend on your current tax bracket, your future retirement tax bracket, and when you plan on retiring. One thing I will say is that no matter how high your income is, it’s possible for you and your spouse to each use both!

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