2 ms·
Yes for your individual contributions. For the good companies, they will match 50% putting you up to 29,250. If they are good, they will also allow you to do
by mrep 7y ago
Yes for your individual contributions. For the good companies, they will match 50% putting you up to 29,250. If they are good, they will also allow you to do the mega backdoor roth [0] which allows you to contribute the remainder of the max 57,000 (so 27,750) in after tax dollars and immediately move it into a roth account where it grows tax free.
[0]: https://thecollegeinvestor.com/17561/understanding-the-mega-backdoor-roth-ira/ https://thecollegeinvestor.com/17561/understanding-the-mega-...