Mega Backdoor Roth IRA Conversion Strategy for High Earners

by Retirement Advisor | Oct 18, 2022 | Backdoor Roth IRA

If your clients like the idea of a backdoor Roth, then they’re going to love the supersize version, known as a mega backdoor Roth. If fortune has smiled on them, this strategy could allow them to stash an extra $38,500 into a Roth IRA or Roth 401(k) in 2021. But that “if” is big. You could even call it mega.1

The catch? Creating a mega backdoor Roth is complicated, with many moving parts and the potential to get hit with unexpected tax bills, so that’s where you come in.

You’ll learn
– The ins and outs of the back-door Roth conversion strategy.
– How to assess the advantages and drawbacks of a Roth conversion.
– How to help your high-earning clients create tax-free retirement savings.
– A potential way to move assets from your client’s 401(k) to your management prior to separation from service.

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