Mega Backdoor Roth 401k 2024

Mega Backdoor Roth 401k 2024. For a small minority of retirement savers, a mega backdoor roth could let you roll over up to $45,000 from a traditional 401(k) to a roth ira, all without paying any taxes. The mega backdoor roth is a powerful new feature in many employer 401(k) plans that can turbocharge your savings.

How does the microsoft 401(k) and mega backdoor roth work? In 2024, the total dollars allowable into a 401(k) is $69,000 if you’re under 50 and $76,500 if you’re 50 or older.