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What Is a Mega Backdoor Roth IRA?

Find out if you qualify for a mega backdoor Roth IRA.

By Motley Fool Retirement Team – Updated Nov 24, 2024 at 4:53PM

Key Points

  • A mega backdoor Roth IRA allows high earners to exceed standard Roth contribution limits.
  • Contributions hinge on maxing out 401(k) and potentially nondeductible IRA contributions.
  • For optimal tax advantage, manage conversions and withdraw after-tax contributions quickly.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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