Maximize Retirement Savings with A Mega Backdoor Roth IRA

<h2><strong>What is a Mega Backdoor Roth IRA?</strong></h2> <p>A Mega Backdoor Roth IRA is a retirement savings strategy that allows high-income earners to make additional contributions to a Roth IRA, even if they are ineligible to contribute directly to a Roth IRA due to their income. This strategy can be a powerful tool for high-income earners who want to save more for retirement and grow their savings tax-free.</p> <h2><strong>How does a Mega Backdoor Roth IRA work?</strong></h2> <p>A Mega Backdoor Roth IRA works by making after-tax contributions to a 401(k) plan and then rolling those contributions over to a Roth IRA. After-tax contributions are made with money that has already been taxed, so you will not have to pay taxes on those contributions again when you roll them over to a Roth IRA.</p> <p><a href="https://medium.com/@YYRen/maximize-retirement-savings-with-a-mega-backdoor-roth-ira-c90372d11186"><strong>Click Here</strong></a></p>