SECURE 2.0, FIRE, Tax Arbitrage & Roth Retirement Spitball - 415
Your Money, Your Wealth
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401k - Can We Do Aftertax Contributions to That Limit?
When people can put an aftertax dollars into their 401k plan up to right now, I think the defined contribution limits are $56,000. And then you can convert those dollars because they're aftertax into a Roth IRA. That is known as the megatron or the big bad garage door, backdoor Roth. But if you work for a small company, there's these testings that the company has to do to see if you could do that.
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