Average 401(k) Balance by Age (2023 Edition)
Money Guy Show
00:00
The Mega Backdoor Roth Contribution
The total annual addition limits between what you put in and also what your employer puts in is now $66,000. If you're someone who's over 50, your total annual addition limit is all the way up to $73,500. Employers can offer a matching Roth option where you can make an election that, hey, I want my employer dollars. You have to pay income tax on that.
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