Strategies to make the most out of your AMAZON employee benefits.
Maximize your AMAZON 401(k) by utilizing the Mega Backdoor Roth provision.
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RESOURCES FOR AMAZON EMPLOYEES
📅 Get Started Today –
👥 Connect with Lars Phillips, CFA, CFP®
💡Learn more about your Amazon Employee Benefits:
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The Mega Backdoor Roth allows you to invest beyond the traditional 401(k) limits. Contribute after-tax dollars and convert those dollars to Roth. Grow your savings for retirement — tax-free.

Video takeaways:
2024 Amazon 401(k) contribution limits:
— Under 50 years old: $23,000
— 50 or older: $30,500

Amazon Employer Match
— 50% match on the first 4% contributed, meaning they will contribute 2% of your base salary to your 401(k). The maximum amount Amazon can match in 2024 is $6,900.

The Amazon Mega Backdoor Roth
2024 TOTAL 401(k) contribution limits:
— Under 50 years old: $69,000
— 50 or older: $76,500

Use the Amazon Mega Backdoor Roth to contribute up to an additional $39,100 and then convert those dollars to Roth.

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RESOURCES FOR AMAZON EMPLOYEES
📅 Get Started Today –
👥 Connect with Lars Phillips, CFA, CFP®
💡Learn more about your Amazon Employee Benefits:
===========
👍LIKE this video? HIT the like button!
🔔SUBSCRIBE to our channel to view more videos @AvierWealthAdvisors
===========

Avier Wealth Advisors
10655 NE 4th Street, Suite 500
Bellevue, WA 98004
info@avieradvisors.com

We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families.

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Third Party: Avier Wealth Advisors is not affiliated with Amazon. There is no guarantee that the information we have provided is accurate. Amazon employees are encouraged to contact their employer should they have any questions regarding their employee benefits.
Taxes: Avier Wealth Advisors does not prepare taxes. The tax ideas presented are meant to demonstrate general concepts rather than precise calculations. We consult with your tax professional for exact calculations.

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As retirement planning continues to be a priority for working individuals, Amazon has announced updates to its 401(k) plan for the year 2024. In addition to the traditional 401(k) benefits, Amazon employees will now have the opportunity to take advantage of the Mega Backdoor Roth strategy for additional retirement savings.

The Mega Backdoor Roth strategy allows high-income earners to contribute excess funds beyond the regular 401(k) contribution limits into a Roth IRA. This strategy can be highly beneficial for individuals who want to maximize their retirement savings and take advantage of tax-free withdrawals in the future.

The 401(k) plan offered by Amazon is already known for its generous matching contributions, helping employees grow their retirement savings faster. By adding the Mega Backdoor Roth option, Amazon is giving employees even more flexibility and control over their retirement planning.

To take advantage of the Mega Backdoor Roth strategy, employees will need to make after-tax contributions to their 401(k) plan and then transfer those funds into a Roth IRA. By doing so, employees can benefit from tax-free growth and withdrawals in retirement, helping them build a more secure financial future.

By offering the Mega Backdoor Roth option, Amazon is demonstrating its commitment to helping employees plan for a successful retirement. This strategy is especially beneficial for high-income earners who may have maxed out their regular 401(k) contributions and are looking for additional ways to save for retirement.

As the costs of living continue to rise and life expectancies increase, it’s more important than ever for individuals to be proactive in planning for their retirement. With the updated 401(k) plan and the addition of the Mega Backdoor Roth option, Amazon employees have even more tools at their disposal to secure their financial futures.

In conclusion, the 2024 Amazon 401(k) plan with the Mega Backdoor Roth option is a valuable resource for employees looking to maximize their retirement savings. By taking advantage of these benefits, Amazon employees can feel more confident in their ability to achieve their retirement goals and enjoy a comfortable lifestyle in their golden years.