ST Alpha - "I’m going mega backdoor again once my raise hits next month, probably, and am thinking of pulling forward my annual Roth IRA contributions" (Reading a Post)

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In response to "I upped my 403b contrib to 100% this month and will scale back the rest of the year. whatever, buy the dip. -- nm" by amanda jeans

I’m going mega backdoor again once my raise hits next month, probably, and am thinking of pulling forward my annual Roth IRA contributions

Posted by znufrii Mar 10 '22, 09:24

instead of waiting until the end of the year.

Responses:

I still don't understand mega backdoor, but I don't need to because I don't make enough! lose-lose, right? -- nm - amanda jeans Mar 10, 09:36 3
- Your plan would have to allow for after-tax contributions, and then you’d need a way to convert those to Roth, which could be tricky, depending. -- (edited) - znufrii Mar 10, 09:41 2
  - and I'd need to make too much money to contribute to a roth which I do not! so.... -- nm - amanda jeans Mar 10, 09:55 1
    - That’s just for the regular backdoor for IRAs. The mega backdoor option is for qualified retirement plans and would be in addition to your regular plan contribution limits regardless of income. -- nm* - znufrii Mar 10, 09:58

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